"The University of βMichigan's Surveys of Consumers βsaid its Consumer Sentiment Index dropped to 46.3 this month from a final reading βof 48.1 in September. Economists polled by Reuters had forecast the index at β 47.8." #ConsumerConfidence
The question now is whether household gloom eventually shows up in the spending data that corporate earnings rely on, or whether Wall Street can keep pricing an economy most Americans say they do not recognise. #ConsumerConfidence #WealthEffect #WallStreet
