Despite record high stock prices, soaring consumer sentiment measures, and the constant Fed-spun narrative that incomes will rise amid "full-employment", the latest survey of Americans by The New York Fed signals hope is collapsing for a spending renaissance...
Median household spending growth expectations tumbled from 3.29% in March to 2.58% in April, lowest level in data going back to June 2013..
Still, as long as NFLX, AAPL, AMZN, and GOOG are rallying, this is nothing to worry about, right?
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