It is no surprise that the confidence of US consumers is closely aligned to the health of the stock market these days. After all, the share of households that own equities is the highest in at least three decades. With that in mind, the recent surge in equity prices – to a record high in the case of the S&P 500 – is likely, all else equal, to have boosted the headline index in tomorrow’s report on consumer confidence from the University of Michigan (UoM).
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services