A Tale of Two Cities

As the S&P 500 rages higher with reckless abandon, U.S. consumer confidence sits in fear.  Central banks are kissing stocks while hanging the little guy out to dry.

A Very Strange Divergence

The University of Michigan’s consumer sentiment for the United States came in at 90.4 in August 2016 from 90 in July but well below market expectations of 91.5, preliminary figures. Consumer expectations improved firmly while current conditions deteriorated. Consumer Confidence in the United States averaged 85.92 from 1952 until 2016, reaching an all time high of 111.40 in January of 2000 and a record low of 51.70 in May of 1980. Consumer Confidence in the United States is reported by the University of Michigan.

U.S. equities and the consumer have been tied at the hip until now…

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