US Consumer Confidence Slides In July As Hope Plunges

While 'hope' had rebounded, headline consumer confidence data from The Conference Board was expected to slide back lower in July, and it did with a notable disappointment.

Headline consumer confidence fell from 98.3 to 92.6 (well below the 95.0 expectations)

Present situation confidence rose to 94.2 vs. 86.7 last month.
Consumer confidence expectations fell to 91.5 vs. 106.1 last month.

Not a "V"...

Source: Bloomberg

If only record high stocks sparked confidence in the future.

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