Summary: Consumer confidence has collapsed globally Historically low consumer confidence is consistent with weaker real consumption growth Increases in the price of energy, durable goods, and housing is driving much of the pain Expect consumer discretionary stocks to remain weak
#3: The Consumer Has Never Been Unhappier
#3: The Consumer Has Never Been Unhappier
#3: The Consumer Has Never Been Unhappier
Summary: Consumer confidence has collapsed globally Historically low consumer confidence is consistent with weaker real consumption growth Increases in the price of energy, durable goods, and housing is driving much of the pain Expect consumer discretionary stocks to remain weak