Advisor Perspectives had a post of July 29, 2022 (“Michigan Consumer Sentiment: Mostly Unchanged for July Final“) that displays the latest Conference Board Consumer Confidence and University of Michigan Consumer Sentiment Index charts. They are presented below:
(click on charts to enlarge images)
While I don’t believe that confidence surveys should be overemphasized, I find these readings and trends to be notable, especially in light of a variety of other highly disconcerting measures highlighted throughout this site.
The Special Note summarizes my overall thoughts about our economic situation
SPX at 4120.87 as this post is written