As stocks soar on yet more US-China trade deal optimism, Bloomberg’s Consumer Comfort index plunged last week to 59.1 from 61.0 a week earlier – the lowest since March – as ratings of the economy, personal finances and the buying climate all slumped, a potential sign of faltering in the strong support consumers are giving the expansion.
The personal finances gauge falling to the lowest since January and posting the steepest decline of the three components.
The overall index has declined 4.3 points in two weeks, the most since 2011.
The last two times it decoupled (April-May and September) saw stocks revert down to confidence.
Thu, 11/07/2019 – 09:51
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Author: Tyler Durden