Advisor Perspectives had a post of August 28, 2020 (“Michigan Consumer Sentiment…“) that displays the latest Conference Board Consumer Confidence and Thomson/Reuters University of Michigan Consumer Sentiment Index charts. They are presented below:
(click on charts to enlarge images)
![Conference Board Consumer Confidence](https://www.economicgreenfield.com/wp-content/uploads/2020/08/Dshort-8-28-20-Conference-Board-Consumer-Confidence.png)
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![University of Michigan Consumer Sentiment](https://www.economicgreenfield.com/wp-content/uploads/2020/08/Dshort-8-28-20-Michigan-Consumer-Sentiment-74.1.png)
While I don’t believe that confidence surveys should be overemphasized, I find these readings to be notable, especially in light of a variety of other highly disconcerting measures highlighted throughout this site.
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The Special Note summarizes my overall thoughts about our economic situation
SPX at 3491.20 as this post is written
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