FYI: It’s hard to imagine how today’s Consumer Confidence report for the month of November could have been weaker. While economists were expecting the headline index to come in at a level of 99.5, the actual reading was 9.1 points weaker at 90.4. To put this miss in perspective, there have only been seven reports since 1999 where the report missed expectations by a wider margin. This month’s decline also took the headline index back below its long-term average of 93.4 to the lowest reading since September 2014.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/consumer-confidence-spoils/
