Will consumers’ gloomy outlook take the bloom off the stock market? - MarketWatch
1. Consumer confidence dropped significantly, but it may not impact stocks negatively. 2. The spread between CCI and UMI is historically concerning ahead of recessions. 3. Higher spread levels correlate with lower S&P 500 returns over 12 months. 4. Stock owners remain optimistic, while non-owners show greater concern for personal finances.