Friday, July 29, 2022

Consumer Confidence Surveys – As Of July 29, 2022

Advisor Perspectives had a post of July 29, 2022 (“Michigan Consumer Sentiment: Mostly Unchanged for July Final“) 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 95.7

University of Michigan Consumer Sentiment Index 51.5

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 4120.87 as this post is written

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