by winston » Thu Aug 31, 2023 7:51 am
U.S. consumer confidence fell hard in August.
US consumer confidence fell by the most in two years as souring views on the labor market, higher borrowing costs and lingering inflation curbed optimism.
The Conference Board’s index fell to 106.1 this month from 114 in July, data out Tuesday showed.
The number was below all estimates in a Bloomberg survey, and the decline reversed most of the advance over the previous two months.
Source: Bloomberg
It's all about "how much you made when you were right" & "how little you lost when you were wrong"