Consumer Sentiment just came in Way Below estimates--

T

The_hero

The Consumer Sentiment number just came in at 65.6. That was way below the consensus of 73. Under the hood, the economy is definitely weakening and I think some of the lower inflation numbers we just saw are proof.
 
The_hero said:
The Consumer Sentiment number just came in at 65.6. That was way below the consensus of 73. Under the hood, the economy is definitely weakening and I think some of the lower inflation numbers we just saw are proof.
More...
Lower inflation is proof the economy is weakening?
 
The cruise ship & hotels got smacked today so that could mean the beginning of less hiring in he travel & leisure sectors. Or it could be a nervous market reaction to a molehill. Reminds me of the market reaction to Oil stocks or housing stocks. The slightest problem and the nervous nelllies shoot first and ask questions later.
 
The_hero said:
The Consumer Sentiment number just came in at 65.6. That was way below the consensus of 73. Under the hood, the economy is definitely weakening and I think some of the lower inflation numbers we just saw are proof.
More...

My advice is to ignore all this - it’s just noise.

Folks have been talking about a recession for 15 years, splitting hairs over this or that economic number, when on the one hand the indices have been grinding higher relentlessly, and on the other, actual economic volatility arrived from “black swan” type sources that nobody expected (Trump and Covid).
 
Instead of studying 0.01 lot trading methods to make money, find friends who will join me in researching breaking the Guinness Book of trading records.
 

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