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Payne's Perspective: August 16, 2021: Buying the Dip

8/16/2021
By Charles Payne CEO & Principal Analyst

It was another good week for the stock market but one that gave us a fair amount of warning signs. 

I want to begin with the consumer sentiment number. The early read on July sentiment was an unmitigated disaster that saw the steepest monthly decline in history, only trailing last April amid the pandemic panic, and at the onslaught of the Great Recession in 2008.

Current conditions and expectations were both slammed.

Consumer Sentiment

Aug 2021

Jul 2021

Aug 2020

Headline

70.2

81.2

74.1

Current

77.9

84.5

82.9

Expectations

65.2

79.0

68.5

To read the full report, contact your account representative or email Research@wstreet.com

Charles Payne
Wall Street Strategies


 

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