Originally Posted by
FangsF15
..consumer confidence is strong.
Consumer confidence is actually pretty low.
“Consumer confidence weakened in September, declining to the lowest level since April 2025,” said Stephanie Guichard, Senior Economist, Global Indicators at The Conference Board. “The present situation component registered its largest drop in a year. Consumers’ assessment of business conditions was much less positive than in recent months, while their appraisal of current job availability fell for the ninth straight month to reach a new multiyear low. This is consistent with the decline in job openings. Expectations also weakened in September, but to a lesser extent. Consumers were a bit more pessimistic about future job availability and future business conditions but optimism about future income increased, mitigating the overall decline in the Expectations Index.”
Not everything is rosy. Tariffs still have not come into full effect. Consumer prices are still high, wages are still pretty level.
Tech stocks are driving the markets. And that’s on the back of AI. When the AI bubble bursts so do the tech stocks and so does the market.