Consumer sentiment survey rebounds

quote:

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Amazing wha happens when the media isn't chicken littleing 24/7

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Sure, but I imagine it's also reflective of the fact that there hasn't been anything to chicken little over. Consumer sentiment was down when they were told that, almost overnight, basic every day goods were either going to become hard to get or become much more expensive. Then, again almost overnight, they were told that was no longer going to happen. And since then, nothing has really come out to change that sentiment.

Put another way, if something is causing people to be nervous, and you remove that thing, people are naturally going to be less nervous.

So, I'm echoing your "chicken littling" more generically. When the president of the United States gets in front of a camera and holds up demonstratives showing massive tariffs on the entire world and states definitively that these tariffs will stand unless/until the trade deficit is closed, that's a perfectly reasonable thing for both the media and the population to be extremely concerned about. If Trump would have stood by what he said that day, I believe much of the "chicken littling" would have become reality. He didn't, so it didn't. The "threat" of tariffs might still exist, but that's fundamentally different than what we were dealing with at the start of all of this.

Ironically, the argument being made by Trump's supporters for not being concerned is that you shouldn't take what Trump says literally/seriously. Except for the things that you should take literally/seriously. But which is which is fluid not only day to day, but based on who you're talking to.

The market and economy likes predictability; the last six months have been anything but predictable.