Consumer Sentiment Drops to 46.3

Raising interest rates should fix this.

I mean have you seen the price of things? Inflation, AI ruining consumer prices for tech, gas, housing, cars. Everything is unaffordable.

Dude. Think of the billionaires, jeesh…

Right they need more money to pay for their woman's mar a lago face lifts.

We had a chili neighborhood party. I was asked to pick up Fritos. TWO bags that are smaller than I’ve ever seen a chip bag (not a snack portion) was $12+. I literally said out loud “what a rip off”. It’s crazy. We don’t buy snacks often and I’m even less interested now.

the phrase "tariff liberation day" on a chart tracking consumer sentiment since 1978 is such a grim little punchline

Not mention white collar workers with egos as big as their paychecks suddenly finding themselves entirely replaceable by tech

wait so new lows?

Yes, bullish /s

All in?

Are you tired of winning?

Doesn't matter. 50% of US spending comes from top 10% who are getting richer and richer thanks to their stock holdings. This alone can sustain spending even if the rest of the 90% cut their spending by 1/4th, as long as the wealth effect drives people to spend by an extra 1/4th. That's how the (K-shaped) economy continues defying gravity...for now.

I’m curious on what the consumer sentiment will be in January, maybe February, potentially March. I have a suspicion.

What a terrible color theme. My eyes hurt from glancing at this chart once