This week has been jam-packed with economic reports (while next week will instead be dominated by Pencil Dick ‘n’ Friends), and the last report to tumble out will be on Friday morning by way of the Consumer Sentiment report, released half an hour after the opening bell.
I’m shocked at how far, and steadily, this is falling. Consumers are pretty much hating life these days.
Even more remarkable, the psychological malaise right now is lower than at ANY other point, including the stygian depths of the 2008 financial crisis. Honestly, that’s remarkable. It’ll be interesting to see if we just keep grinding to new levels of consumer misery.
