Advisor Perspectives had a post of June 28, 2022 (“CB LEI: Falls Again in May“) that displays the latest Conference Board Consumer Confidence and University of Michigan Consumer Sentiment Index charts. They are presented below:
(click on charts to enlarge images)
![Conference Board Consumer Confidence 98.7](https://www.economicgreenfield.com/wp-content/uploads/2022/06/Dshort-6-28-22-Conference-Board-Consumer-Confidence-98.7-1024x744.png)
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![University of Michigan Consumer Sentiment Index 50.0](https://www.economicgreenfield.com/wp-content/uploads/2022/06/Dshort-6-28-22-University-of-Michigan-Consumer-Sentiment-Index-50.0-1024x744.png)
While I don’t believe that confidence surveys should be overemphasized, I find these readings and trends 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 3853.66 as this post is written
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