Consumer confidence from The Conference Board

  • Prior was 98.1
  • Lowest since June 2015
  • Present situation 112.1 vs 116.6 prior
  • Expectations 78.9 vs 85.3 prior
  • Jobs hard to get 24.2 vs 23.6 prior
  • 1 year inflation expectations 4.7% vs 4.8% prior

Given the low unemployment rate and oil prices around $30, you would expect to see some upward pressure but the newspaper headlines about turmoil in the market, and perhaps the uncertainty of the Presidential election seem to be keeping Americans off balance.

Either that or the economy isn't all it's cracked up to be.