Consumer Confidence Is Crumbling Despite Economic Expansion via Qai_Invest
, have made borrowing more expensive. If the Fed’s aggressive path forward continues, some worry it could tip the economy into a recession.cautions against counting our chickens too early.
While May’s numbers sit strong, an early June survey of Texas manufacturing executives suggests we’re on the cusp of a sharp slowdown triggered by weakening demand. Though persistent labor and supply shortages buoyed demand through spring, rising inflation and interest rates see many businesses cutting back this summer.Through all this consumer confidence and economic hubbub, investors have their own take.
Many defensive stocks have already traded up in 2022 on these fears, with utilities and healthcare leading the way. Meanwhile, momentum stocks – especially tech giants – have taken enormous price hits.all the time. Some economic data shows the economy expanding, while consumers are increasingly pessimistic as 2021’s optimism fades away. Meanwhile, investors and analysts continue to hold out hope that companies have more growth potential yet.
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