Unexpected Consumer Data: a Climb in Confidence for January | Episode 095 | 01-30-2024

Megan Horneman, Chief Investment Officer at Verdence Capital Advisors, looks into the surprising consumer confidence report in today’s episode. Exceeding analyst expectations, the present situation confidence hit its highest level since 2020, while future expectations reached a six-month high. Megan talks about the key components, including the job market, revealing a significant shift in perception. Notably, lower-income brackets showed the most confidence, contrasting with a decline in confidence among those earning over $125,000 annually. Stay tuned for more insights this week, including the FOMC rate decision, ISM, and the January jobs report. For questions or comments, reach out to podcast at Verdence dot com. 

Watch today’s episode here: https://youtu.be/_2CTUyPltJ8