NDR: Market Digest, June 2024 - A critical check on consumer sentiment

The “wealth effect” for consumers is evidenced by the significant increase in stock and real estate values. The value of equities and household real estate have substantially contributed to the surge in net worth, which stands at a remarkable 7.6 times disposable income.

However, recent data shows a decline in consumer sentiment, thus indicating a shift in consumer outlook. The University of Michigan sentiment index recorded an 8.1-point plunge in May to 69.1, while the Conference Board’s consumer confidence index rebounded slightly to 102 in May.

Ideally, market conditions are favorable when confidence is low but trending upwards, which fosters a more sustainable economic environment.

Thank you for your interest in this excerpt from NDR’s Market Digest June 2024 publication titled “Major economic upgrades into summer." Request a complimentary copy of this timely, monthly macroeconomic research report for wealth professionals by completing the form to the right.

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About Ned Davis Research
Ned Davis Research (NDR) is a global provider of independent investment research, solutions and tools. Founded in 1980, NDR helps clients around the world make objective investment decisions. Our experienced strategists and analysts use fundamental and technical research with models, charts, indicators and weight-of-the-evidence methodology to help clients see the signals and invest with confidence. NDR is headquartered in Sarasota, Florida, with offices in New York, London, and Hong Kong.