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](https://www.economicgreenfield.com/wp-content/uploads/2022/07/Dshort-7-29-22-Conference-Board-Consumer-Confidence-1024x744.png)
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![University of Michigan Consumer Sentiment Index 51.5](https://www.economicgreenfield.com/wp-content/uploads/2022/07/Dshort-7-29-22-University-of-Michigan-Consumer-Sentiment-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 4120.87 as this post is written
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