Advisor Perspectives had a post of September 29, 2023 (“Michigan Consumer Sentiment Falls for Second Straight Month“) 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 4279.04 as this post is written