Dow Jones, a News Corp company
News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services
When the consumer-confidence index has been especially high—as it is now—a stock slump has usually followed
The latest reading of U.S. consumer confidence from the Conference Board—the highest in 18 years, and within shouting distance of a record—would certainly appear to be good news for both the economy in general and the stock market in particular.
Upon digging more deeply, however, a more troubling picture emerges.
The notion that high levels...