The spread between the monthly percentage change of the S&P 500 and the University of Michigan’s consumer sentiment survey climbed to 32 percentage points last month, the widest-ever gulf in data going back to 1978, according to Dow Jones Market Data.
Hmmmm. Since consumers have no funds to consume I assume this article is 1 paragraph long.
That's easy to explain. Stocks are drunk on free money. It can't be used to determine the state of the economy anymore.
No wonder they're going on about 'human capital' They're perfectly able to prop up a fake, voodoo economic boom based on insatiable greed & sheer will but damn it's getting hard when reality keeps threatening the lie: we're in recession, ppl cant work, us peasants gotta play ball
stock market is a house of cards. I guess they are counting on it not going any lower and only going up. Nope. How can you invest in anything while we have a group of criminals in the White House who have not one oz. of morals? We need to get rid of the criminal Donny trump.
It's funny that you call them investors. These are speculators and gamblers in the Wall Street casino where the house always wins.
Easy. Media doesn't like Trump so they say consumers aren't confident. People are getting back to work and spending money again. Stock market shows growth. Media quickly has to quash the aspect that the economy was booming prior to COVID cause you know, orange man bad.
The economy is driven by consumer sentiment, not the DOW. If this isn’t an indicator of a recession (or at least a bear market) I don’t know what is... Hope I’m wrong. covideconomics covideconomy
Could it possibly be that only rich people care about & influence the stock market, the same group that seemingly never need suffer long financially before new tax cuts, fun bonuses, or straight-up govt bailouts save the day? And that the average American is just broke and sad?🙂
printing machine?
Really? They're struggling to understand how this system is artificially propped up? Or are they just struggling to find an acceptable excuse?