Diary

Gallup: Investors Losing Confidence in Economy

From Gallup:

The sharp decline in Gallup’s Index of Investor Optimism in June — particularly the plunge in expectations for the economy — suggests that investors may be losing some of their hopes for an immediate improvement in the U.S. economy later this year. This is consistent with the leveling off of consumers’ mood over the past few weeks and the drop in the consumer sentiment index on Tuesday.

Gallup’s job-market and consumer spending measures suggest that the reality on Main Street has not improved substantially over the past couple of months. Perhaps the average investor and the American consumer see the fragile nature of the current U.S. economy more clearly than do those on Wall Street.

As Nouriel Roubini says:

Job report suggests that green shoots are yellow weeds turning into brown manure. Jobs & hours & wage losses are pushing down labor income

How do you like the ‘stimulus’ so far?