This morning's weekly ABC/Washington Post Consumer confidence reading came in lighter again (week over week) for the 2nd consecutive week. At -50, the reading is revisiting it’s all time lows.
What's most interesting about this retrenchment is that it is occurring in the face of declining gas prices and a "Trade" up in the US stock market.
When people on Main Street are losing their jobs, at an accelerating pace, maybe that trumps Wall Street's perpetually bullish narrative.
KM
What's most interesting about this retrenchment is that it is occurring in the face of declining gas prices and a "Trade" up in the US stock market.
When people on Main Street are losing their jobs, at an accelerating pace, maybe that trumps Wall Street's perpetually bullish narrative.
KM