WS #15078
US consumer confidence has collapsed to 81.9, the lowest reading in months, driven by rising inflation expectations and persistent price pressures. This data point contradicts the soft-landing narrative and suggests that the consumer is finally breaking under the weight of high rates and sticky inflation. Retailers and consumer discretionary stocks face headwinds as spending power erodes, with even strong performers like CarMax seeing earnings driven by volume rather than price.
Consumer Sentiment Collapse
US consumer confidence has collapsed to 81.9, the lowest reading in months, driven by rising inflation expectations and persistent price pressures. This data point contradicts the soft-landing narrative and suggests that the consumer is finally breaking under the weight of high rates and sticky inflation. Retailers and consumer discretionary stocks face headwinds as spending power erodes, with even strong performers like CarMax seeing earnings driven by volume rather than price.