FYI: Bloomberg’s weekly consumer comfort data released this morning at 61.3. Consumer comfort is still very close to cycle highs (61.6), but over the past couple of months—during the time markets have been selling off—it hasn’t not been steadily moving higher as it did for most of the year, instead staying within a range of 59 to 61. This slowing is by no means a negative sign seeing as the level is still so strong. Given the equity market’s recent price action, it may simply be the wealth effect dampening.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/consumer-comfort-slowing-but-still-very-strong/
