Americans Have Never Been More Confident That Stocks Are Going Higher

The Conference Board's Consumer Confidence headline measure beat expectations in January (printing 125.4 against expectations of 123.0), rebounding from its December drop.

However, the bounce was once again predicated on 'hope' as current situation confidence actually dropped modestly...

“Consumer confidence improved in January after declining in December,” said Lynn Franco, Director of Economic Indicators at The Conference Board.

“Consumers’ assessment of current conditions decreased slightly, but remains at historically strong levels.

Expectations improved, though consumers were somewhat ambivalent about their income prospects over the coming months, perhaps the result of some uncertainty regarding the impact of the tax plan. Overall, however, consumers remain quite confident that the solid pace of growth seen in late 2017 will continue into 2018.”

Consumers’ optimism about the short-term outlook improved in January, following a sharp decline in December. The percentage of consumers anticipating business conditions to improve over the next six months increased marginally, from 21.6 percent to 22.0 percent, while those expecting business conditions to worsen increased from 9.0 percent to 9.8 percent.

However, regarding their short-term income prospects, the percentage of consumers expecting an improvement decreased from 22.7 percent to 20.4 percent, while the proportion expecting a decrease also declined, from 9.0 percent to 7.7 percent.

As a reminder, the yawning gap between exuberant confidence and desperately low savings rates has not ended well in the past...

 

And with more Americans than ever before now confident that stocks will rise in the next 12 months...

What could possibly go wrong?

Comments

VZ58 Tue, 01/30/2018 - 11:00 Permalink

Gotta love all these geniuses commenting on sites like Marketwatch, who are 100% in stawks in their 401Ks and Roths. What could possibly ever go wrong? The market only ever goes up, didn't you know? My neighbor told me so.

agcw86 Tue, 01/30/2018 - 11:07 Permalink

But then, most Americans believe the full BS about full employment, except for maybe anyone who has tried to find a job, expert statisticians like John Williams at shadowstats.com and other believers of reality/heretics of hopium.

Tolomeo Tue, 01/30/2018 - 11:22 Permalink

Agree! Right before the Trumpster’s speech... Anyhow, no worries! The breaks have already been applied! Already significantly off the lows and volatility off the highs! The Fed has your back!!! And so does every CB that holds massive positions in stocks!!! 

Blankfuck Tue, 01/30/2018 - 11:32 Permalink

Listen THE FEDERAL RESERVE FED FUCKERS AND BANKER FRIENDS CONTROL THE MARKET AND THEY AINT GIVING UP THEIR PRINTED PONZI! NO SELL-OFF IN FED FUCKER PONZI LAND

Ink Pusher Tue, 01/30/2018 - 11:50 Permalink

Overstated profits combined with billions in unreported losses add winking accountants and massive piles of shredded documentation to the mix, sets the stage for more stock market skulduggery and subterfuge.

YAY! Q1 Bonuses all around... <s

Blankfuck Tue, 01/30/2018 - 12:54 Permalink

omg! one day or two GIVEBACK in typical FARCE MARKET GAINS.   ITS GONNA CRASH AND PEOPLE ARE CRYING OVER BIG FUCKING NEWS OF THIS TERRIBLE TINY  2 DAY SELL-OFF

DanielD Tue, 01/30/2018 - 16:52 Permalink

Im sick and fucking tired of hearing this stock crap.. what is trump doing to boost the wages of the working class like me? Thats the only thing I care about.. fuck stocks.. working class people dont have stocks