Despite Record High Stocks, Consumer Confidence Crashes to 9 Month Low

Tyler Durden's picture

With inflation expectations soaring and jobs plentiful relative to hard-to-get falling slightly, Consumer Confidence plunged its most in 10 months to a level not seen since November of last year. It seems that despite all the hopes and prayers priced into US equity market valuations, the US Consumer remains unimpressed, unhappy, and unemployed. Of course, the 'good is bad, bad is better' market has interpreted this as a clear QE-on flag (for this millisecond anyway).

Consumer Confidence is at a 9 month low...


having crashed at its fastest pace in 10 months...


Charts: Bloomberg

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Dr. Engali's picture

Too bad my wealth effect is being spent on food and fuel to survive.

madcows's picture

Transitory.  Those items which are bought every week are not part of the CORE, whereas housing and vehicles ARE CORE.  You see, that's why inflation is only 2%.   In fact, you can substitute paste and cat food for SPAM and Ramen noodles, thus YOUR inflation is actually falling.

Nobody For President's picture

Actually, cat food versus SPAM is actually a toss-up, financially AND nutritionally; but cat food comes in more flavors.

Cognitive Dissonance's picture

I prefer Fancy Feast fish stew. The house cat and I are always fighting over who gets fed first.

I usually lose.........but only 'cus Mrs Cog had me de-clawed.

DaveyJones's picture

and to think she once called you the cat's meow

disfiguredskating's picture

Yep, food is the only thing worth it.  Especially THIS one:


Bacon forever!

Cognitive Dissonance's picture

I prefer the portable variety for those of us who are on the go. :)

Clearly these are not core inflation items.



MillionDollarBonus_'s picture

People who were smart enough to buy the S&P this summer have been handsomely rewarded. Doomer shorts, deranged VIX longs and hillbilly mining stock investors have been absolutely demolished. When will greasy ZH day traders cave and start buying US stocks and US treasuries? Surely they must be bankrupt by now??

Metalredneck's picture

I like you nearly as much as that US citizenism guy.

Dr. Engali's picture

At least MDB is funny and changes what he says, AnAnonymous is just plain old retarded.

asteroids's picture

Dear MDB: I'm sitting in cash awaiting the next crash. Please tell me you are 100% long with a 3X ETF.

Cognitive Dissonance's picture

Too funny bro. Great performance art.

All I have left to rub together are my Gold and Silver Eagles. Does that count as bankrupt?

Vincent Vega's picture

M$B, You still averaging down your cost on FB?

DeFeralCat's picture

MDB has his hopes on a little guy with a magic wand in the hopes that he waves it to do something which has shown not to work in creating demand; de cat puts his belief in that every data point global is severely negative at this point. I plan on taking your short-term gain and turning into an amusement park for felines complete with giant balls of string and laser pointers shaped like cheese.

DaveyJones's picture

"handsomely rewarded"  You mean like plastic surgery?

q99x2's picture

I'll be using treasuries and stock certificates for kindling when I get to the Hamptons after the revolution.

francis_sawyer's picture


The only stock I remember you buying this summer was Facebook... What are you now, on your 3rd tranche of dollar cost averaging?

mac768's picture

as said before:

For the QExx addicted, bad is good and worse is better...

Bartanist's picture

Since your name and posts seem to be created only to enflame readers of Zerohedge ... and to widen the gap between the Wall Street criminal eliment and the general public, there should be no need to respond to your posts.

As for me, this will be the last one I respond to. I do not support your purpose here.

TWSceptic's picture

I don't know about greasy ZH traders but it sounds like someone sure is going to go bankrupt some day. Just follow the bubbles MDB you'll be fine. :)

_ConanTheLibertarian_'s picture

you forgot to insult the libertarians...

Morrotzo's picture

Are you still "dollar cost averaging" Facebook, you flaming mook?

DaveyJones's picture

funny thing, I heard the price of those two things are related

daz's picture

all I hear is crashes everywhere

J 457's picture

Here's the problem, many if not most people could care less about stock prices as they have little invested in the market.  Yes, some have pensions of funds based partially upon market value, but for the most part people with their average 20-30k exposure to stocks aren't impacted like the talking heads would like us to believe.  What "mainstreet" cares about is food and gas prices (currently $4.39 at my closest station), health care cost, college tuition cost, makng thier house payment, paying property taxes, and having a fewd ollars left over for an annual vacation, smart phone, and kids back to school clothes.  AAPL at $670 doesn't accomplsih this, nor does SPX 1,400.  The FED robbed the middle class of their savings by lowering savings rates, and pumping the market that benefits primarily the 1%.

RichardP's picture

... many if not most people could care less about stock prices as they have little invested in the market.

Every one who has their retirement account invested in stocks cares.  I know folks who have most of their retirement accounts invested in stocks, and they care a lot.  This fact does not detract from your other point about what "mainstream" cares about.

Panafrican Funktron Robot's picture

"I know folks who have most of their retirement accounts invested in stocks"

I am very sorry for those people.

madcows's picture

Stocks and inflation are different things.

Mainstreet has been killed by inflation.  That hurts them everyday.

Stocks (401k) are irrelevent.  That's money we can't touch without severe penalties, and it doesn't pay the bills.

Inflation (and political malfeasance) is why people are talking about revolution.

bnbdnb's picture

Gasoline prices.

madcows's picture

Don't forget food (13%), heating oil (33%), clothing (13%) and household goods (Walmart - 24%).  It's a damned good thing I was able to cancel cable and the cell phone and no longer contribute to retirement or the HSA, otherwise I might be experiencing inflation.

DaveyJones's picture

It can't be that the dollar is losing value, it must be terrorists. I heard a Chicago Walmart collapsed into its footprint. All the government foodcards were blown to bits but they found the perpetrators intact - stapled to his will which was penned on the back of a receipt to a strip bar. Federal agents immediately pulled all the store cameras but experts say he could not have possibly maneuvered the cart down the aisle with that precision. There was a small localized fire but scientists say depends and five hour energy bottles can not melt at those temperatures

GetZeeGold's picture



Equities are hot hot hot baby!!!


slaughterer's picture

Equities deep red all across the planet today, except in the non-confident USA!

Cognitive Dissonance's picture

Maybe the Fed should direct the next QE towards bread and circuses.

Just sayin'

Tijuana Donkey Show's picture

Wallmart and the NFL. Fixed that for you. We'll make SNAP eligible for tickets, like a rewards program. 

FL_Conservative's picture

Actually, I'm absolutely positive we're about to head into a black hole.

phat ho's picture

it's ok! I talked to a skittle shitting unicorn that said everything was going to trickle down

phat ho's picture

can't be much longer now I figure

phat ho's picture

when I start seeing more things like unicorns I mean....

intric8's picture

If its that ironic, something aint right.

magpie's picture

Now back to watching the rest of the market propping up AAPLs fall

irie1029's picture

I guess I am stupid but how the "f" does QE help consumer confidence?   

Jlmadyson's picture

It will help a lot you just have to believe.

Kind like this RECOVERY.

stocktivity's picture

QE jacks up the stock market. When us dummy investors look at our 401K quarterly reports, they want to program us to respond "Wow...I'm richer than I thought...guess I'll go out and max the credit card and spend".  Six months later, Bennie and the Fed can tell us dummy investors that QE4 will soon arrive. We dummy investors will be happy to know that our 401K will again go up so we can continue spending on ithings. That's how QE helps consumer confidence.

DaveyJones's picture

what are stocks high on?

Cognitive Dissonance's picture

The only drug that matters.

Hopium......mainlined it appears.

DaveyJones's picture

I thought that's why were in Afghanistan