Advisor Perspectives had a post of July 28, 2023 (“Michigan Consumer Sentiment Soars to Highest Level Since October 2021“) 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 4587.92 as this post is written