Consumer Confidence Falls To Lowest Level Since April

0
Consumer Confidence Falls To Lowest Level Since April

This post first appeared on FloatingPath

U.S. consumer confidence declined to a reading of 71.2 (1985=100) in October, The Conference Board reports. This is a sharp fall from September revised reading of 80.2 and is the lowest that consumer confidence has been since April.

The present situation index decreased to a reading of 70.7 from 73.5. The real shift in confidence was due to a perceived difficult road ahead though, as the expectations index sank to reading of 71.5 from 84.7. That is the lowest expectations have been since March.

Consumer Confidence

Nomad Investment Partnership: Keep An Eye On The Unseen Risks

Tail RiskThere are many ways to define risk. Warren Buffett has said that "risk comes from not knowing what you're doing." Q3 2020 hedge fund letters, conferences and more His mentor, Benjamin Graham, believed that risk should be measured as the chance of a permanent capital impairment of an investment. Seth Klarman also holds this view. Read More


No posts to display