FYI: Josh's Chart o’ the Day comes from Bank of America Merrill Lynch’s US economics team, and their latest take on the strength of the US consumer. There was a “negative shock” in the confidence readings for the month of January that was the largest we’ve seen back to 2011. But BofA finds that it was mostly driven by the stock market’s abrupt sell-off in December, thus it ought to be mitigated by the huge comeback we’ve staged since the beginning of the year.
Regards,
Ted
https://thereformedbroker.com/2019/02/04/the-confidence-shock/
