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Happy Consumers! Conference Board data soars, Goldilocks Economy sees Consumers even more ecstatic that expected

May 28, 2019

Better Data for Better Investment DecisionsBetter Data for Better Investment Decisions
Better Data for Better Investment DecisionsBetter Data for Better Investment Decisions

 

  • Consumers have many, many reasons to be positive in the present economy and the Conference Board data today showed that very clearly
  • The Conference Board data includes the first half of May, during which the S&P500 fell and markets were extremely choppy, filled with concerning trade related headlines
  • Despite this, consumers shrugged it all off, and the Present Situation reading came at the highest in 18 years

 

Confernence Board Readings May April
Consumer Confidence Overall 134.1 129.2
Consumer Confidence Present Situation 175.2 168.3
Consumer Confidence Expectations 106.6 103.0

 

 

We Crunch the Numbers, You Make the Trade.We Crunch the Numbers, You Make the Trade.
We Crunch the Numbers, You Make the Trade.We Crunch the Numbers, You Make the Trade.

 

  • Consumers are not concerned - yet - about the higher costs they are likely to see soon from the tariffs in place
  • The Conference Board data comes in line with other strong consumer sentiment data such as the University of Michigan data that recently came in at a 15-year high
  • The consumer data provides an idea on consumer spending, a huge chunk of the US economy, that has yet to see any softening and with data like these, are not like to in the near-term
  • A strong labor market with unemployment at a 50-year low, strong growth and stable interest rates are contributing the the overall positive sentiment
  • 47.2% of respondents said jobs are plentiful and easy to get with only 10.9% saying it's hard to find a job; the spread between the 2 has not been this low since 2000
  • Consumer plans for large-ticket items grew to the highest level since data started to be collected in the 1960s

 

 

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