Jan 7, 2020
Following the headline decline for Conference Board Consumer Confidence in November, analysts are expecting an exuberant bounce in December as every asset class rose majestically (despite retail sales slowing).
But, despite record high stocks, the headline consumer confidence data disappointed, printing 126.5 (down from the upwardly revised 126.8) and well below the hopeful 128.5 expected.
While the Present Situation picked up modestly, the Future Outlook weakened:
Present situation confidence rose to 170.0 vs 166.6 last month
Consumer confidence expectations fell to 97.4 vs 100.3 last month