S&P 500 Keeps Hitting New Highs While Conference Board Consumer Confidence Slides Toward 82 From the Low 90s
Stocks and the consumer stopped agreeing.
The S&P 500 kept grinding to new highs while Conference Board consumer confidence fell off a cliff, sliding toward 82 from the low 90s this year. That gap does not stay open forever.
Either the consumer snaps back to meet the market, or the market catches down to the consumer. One of them is wrong.