'Depressed' consumer still spending -wealth advisor
The consumer continues to be depressed about the US economy and there's still a disconnect between the US consumer and their feelings about the economy and their spending. So they, the consumer is still spending and they are still out there spending, maybe just not as much. And so sales are slowing down. Consumer sentiment continues to be eroded away. What that's actually good for though, is markets, markets moving forward from a consumer being depressed and down and negative. That actually points to a higher stock market looking out six months in a year. So while the consumer may be disheartened when we look at Business owners, Business owners are so positive about what they see moving forward for their businesses. And that's that is very important when it comes to growth because so much of our US depends on small Business. And when consumer sentiment is really high looking forward the next six months and one year out, that's actually negative for the markets. So, you know, people in their gut and their emotions don't always get it right as far as what's happening. And so looking at it, when we look at the macro picture, inflation is going down, even though consumers still think inflation is very high. So when we look at consumers and the way they interpret what's happening versus what the facts are telling us, sometimes there's this disconnect.