WS #15074
The Conference Board reported US Consumer Confidence collapsed to 81.9 in September, missing estimates by a wide margin. Concurrently, August JOLTS data revealed job openings fell to 7.079 million, significantly below the 7.225 million consensus and down from 7.335 million in July. The convergence of these weak labor and sentiment indicators is shifting market expectations toward a more dovish Federal Reserve stance, pressuring high-multiple growth assets and boosting safe-haven flows.
US Macro Deterioration
The Conference Board reported US Consumer Confidence collapsed to 81.9 in September, missing estimates by a wide margin. Concurrently, August JOLTS data revealed job openings fell to 7.079 million, significantly below the 7.225 million consensus and down from 7.335 million in July. The convergence of these weak labor and sentiment indicators is shifting market expectations toward a more dovish Federal Reserve stance, pressuring high-multiple growth assets and boosting safe-haven flows.