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This highly accurate stock-market predictor just hit its most bearish level since the internet bubble
The sense that the Federal Reserve’s widely expected interest-rate cut would be the last for awhile drove stock investors to the exits on Wednesday, but that isn’t the only disturbing economic news shareholders have had to digest this week. Namely, July’s big increase in consumer confidence, which is anything but bullish for the U.S. market. The Conference Board’s Consumer Confidence Index was reported earlier this week to have jumped to 135.7, from 124.3 in June — a much higher than expected increase.
https://finance.yahoo.com/m/6e247c30-5b82-3c5e-bcce-894ab6a6ac16/this-highly-accurate.html?.tsrc=rss
The sense that the Federal Reserve’s widely expected interest-rate cut would be the last for awhile drove stock investors to the exits on Wednesday, but that isn’t the only disturbing economic news shareholders have had to digest this week. Namely, July’s big increase in consumer confidence, which is anything but bullish for the U.S. market. The Conference Board’s Consumer Confidence Index was reported earlier this week to have jumped to 135.7, from 124.3 in June — a much higher than expected increase.
https://finance.yahoo.com/m/6e247c30-5b82-3c5e-bcce-894ab6a6ac16/this-highly-accurate.html?.tsrc=rss
