weatherweenie....consumer sentiment slipped to 81.8 in May, according to the Thomson Reuters/University of Michigan's preliminary reading. The reading was down from 84.1 from the month before and was also below the expectation of 84.5 among economists polled by Reuters
Despite the rabble rousing from pundits about a recovering economy, the man on the street knows better. Stagnant wages, no good paying jobs, inflation spiking, housing affordability down, all sounds great, huh ??
Does not bode well for the Market's this year..