It fell to near historic lows. Fact number 1. Consumer spending is a big driver of the economy. Shouldn’t that eventually translate into lower stock prices in many sectors? Fact number 2. This survey has been conducted for many decades by the University of Michigan and as such hasn’t yet been corrupted by the regime. What do you think the likelihood that U of M’s funding is threatened or pulled in the near future? Too much bad news in a short period of time for anyone to process. It’s the blitz of 25. God luck .
Comments
"Fact number 1. Consumer spending is a big driver of the economy."
Yeah, ~68% kinda big!
"Fact number two..."
AI Overview (Read, use at your own peril)
While there's no confirmed immediate threat of de-funding, the University of Michigan Consumer Sentiment Index (CSI) is a crucial economic indicator that faces ongoing scrutiny and funding pressures, according to Advisor Perspectives and CNBC. The CSI's results, which measure consumer confidence and spending expectations, are closely watched by economists and investors due to their influence on economic growth and stock market performance.
Here's a more detailed look:
No Specific De-funding Threat:
While there hasn't been any official announcement or news of the CSI being de-funded, it's important to remember that research funding can be subject to changes and competition.
Importance of the CSI:
The CSI is a vital tool for understanding consumer sentiment, which can significantly impact economic activity. When consumers are optimistic, spending tends to increase, leading to economic growth, according to Investopedia.
Ongoing Scrutiny and Competition:
Research funding is often subject to review and competition, meaning that the CSI, despite its importance, is not guaranteed to remain funded indefinitely, notes Advisor Perspectives.
Alternative Indicators:
It's worth noting that other consumer confidence indices, like the Conference Board's Consumer Confidence Index (CCI), also exist and are closely followed, according to
Advisor Perspectives and Investopedia.
In conclusion: While there's no immediate danger of the CSI being de-funded, its ongoing importance and reliance on funding mean that it's constantly subject to review and competition, meaning its future is not entirely guaranteed.
See also...referenced above but did not visible, did not copy/paste accurately:
https://www.investopedia.com/articles/general/092713/how-read-michigan-consumer-sentiment-index.asp