Markets and consumers are in an upbeat mood. Here's why | CNN Business

📆 22-07-23 04:14:00
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Stocks and consumer sentiment are rising in tandem after slumping last year, in another sign of growing optimism that the economy could dodge a recession

Consumer sentiment tracked by the University of Michigan jumped 13% in July, notching its second consecutive month of improvement. The index also reached its highest level since September 2021. The university’s index tracks consumers’ expectations in three areas: personal finances, business conditions and buying conditions.

“Things are positive right now, but it really takes one thing to trigger” volatility in the market, said Jon Ekoniak, partner at Bordeaux Wealth Advisors. UPS pilots stand in solidarity with Teamsters The union that represents pilots who fly cargo planes for United Parcel Service says it won’t cross the picket line if Teamsters go on strike next month, report my colleagues Pete Muntean and Vanessa Yurkevich.

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