"The Consumer Sentiment Index shows extremely low readings right now. Sentiment is lower now than it was during past recessions. Real consumer spending habits and consumer sentiment have become detached, which indicates a bizarre divergence between reality and polling," says David Grasso. "Consumer sentiment is very little changed. I'm watching earnings reports next week from Walmart (WMT) and Target (TGT) as both companies forecast poor earnings several weeks ago," Melissa Armo adds.
12 Aug 2022