Afternoon Note
Once again consumer confidence continues to slide as people seemed more confused than pessimistic, although, one might argue ‘what’s the difference?’
The bad stuff is getting better but the good stuff is getting worse. The most telling aspect of the report is the decline in future expectations. There was a time that number was significantly better than current conditions. That was the core of American DNA, after all.
Now it’s just about anxiety and a dollop of fear that could easily morph into panic manifested in markets, and jobs, and even how we elect in November.
Consumer Confidence |
April |
March |
Headline |
94.2 |
96.7 |
Expectations |
79.3 |
83.6 |
Business “good” |
23.2 |
24.9 |
Business “bad” |
18.1 |
19.2 |
Jobs “plentiful” |
24.1 |
25.4 |
Jobs “hard to get” |
22.7 |
25.2 |
It’s all about a state of limbo that’s permeated all facets of our lives, from the stock market, to the economy, to how we feel about the prospects of the nation.
Earnings after the Close
Other key earnings releases after the close including Panera Bread, E-Bay, Robert Half International and Buffalo Wild Wings.
It is okay for the market to move sideways, but it’s unnerving, too.
Comments |
I'm a product of the 1950s. Optimism blossomed everywhere you looked. Today, everyone is hanging their heads in pessimism. Why the difference? We no longer behave as a Judeo-Christian society. No ethics, morals, principles, etc. Just greed and self centerness. phillip on 4/26/2016 5:02:30 PM |
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4/17/2024 9:37 AM | POWELL STILL WANTS TO HELP |
4/16/2024 1:35 PM | Muted |
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4/15/2024 1:17 PM | Making a Statement |
4/15/2024 9:45 AM | Equal Opportunity Drubbing |
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4/12/2024 9:42 AM | WHO YA GONNA CALL? |
4/11/2024 1:38 PM | No Urgency |
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4/10/2024 1:22 PM | Hang In There |
4/10/2024 9:51 AM | HERE COMES THE LATEST RATIONALE FOR PERSISTENT INFLATION |
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