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Jun 18 2019

MTI: Consumer Confidence Worrisome “Inversion”

  • Jun 18, 2019

A less-publicized, but still worrisome “inversion” occurring beyond the Treasury market is that of Consumer Confidence, in which the Conference Board’s Present Situation Index has soared almost 70 points above the Expectations Index. This gap always becomes extreme in the late stages of an economic expansion, and today’s reading surpasses those recorded at all business cycle peaks other than February 2001.


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About The Author

Doug Ramsey / Chief Investment Officer & Portfolio Manager