#consumerconfidence #inflation #recession #yahoofinance
Yahoo Finance Live anchors Julie Hyman and Brad Smith discuss data from the University of Michigan Consumer Sentiment Report.
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Still a lagging indicator…
Stocks down today because Consumer Confidence fell, which they say feeds into “stagflation” worries.
Yet, if Consumer Confidence was up, I imagine stocks would’ve been down anyway because they would’ve said if consumers don’t stop spending then inflation won’t go down.
Point is, seems like any news can be interpreted any way to make the stock market go down (or up) regardless.