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Consumer Confidence Is Falling. That’s a Bad Sign for Stocks.

·4 min read
Consumer Confidence Is Falling. That’s a Bad Sign for Stocks.
In this article:
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Consumers are sending worrisome signals that investors aren’t heeding. The same stimulative forces, plus a pandemic that curtailed social activity, helped U.S. consumers amass more than $2 trillion in savings, even as the labor market tightened and wages climbed. Consumers have become far less cheery while the stock market has marched higher, with the index hitting an all-time high on Thursday.