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Managing the disconnect between high markets and consumer worry
Summary by The South Dakota Standard
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1 Articles
Managing the disconnect between high markets and consumer worry
In mid-May, the S&P 500 hit its eighth consecutive weekly gain and the Dow Jones Industrial Average hit a record close two days in a row. In that same week, the University of Michigan reported that its index of consumer sentiment fell to the lowest level ever recorded in more than 70 years of surveys.How is it possible that consumer sentiment is at an all-time low while stock prices hit all-time highs? This disconnect is not what usually happens…
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