This Reading JUST Plummeted | My Thoughts

hey everyone me kevin here so consumer

sentiment numbers just came in at the

lowest numbers that we have seen since

2011 which

some of you might remember but 2011 was

like the bottom of the real estate

market it wasn't necessarily the bottom

of the stock market but people were

still really seriously concerned about a

double dip recession at the bottom of

2011. uh it kind of makes me wonder if

we're getting a little bit of that sort

of sentiment now with oh are we gonna

have sort of this double dip uh in terms

of uh delta and i think that's really

what's driving sentiment down here oh i

gotta get into an uber and i gotta put

this on oh yeah see look before the

horde hey how you doing

yeah uh everybody in the back oh okay

all right that sounds good we'll fit

three people back here all right so

anyway yeah the um

uh the consumer sentiment reading in my

opinion is is something that is a little

bit lagging and what i mean by that is

uh consumers tend to over inflate uh how

bad things are at a given time so for

example when inflation's very high

consumers say that's it inflation's

gonna be high forever and and they tend

to miss that uh they tend to be wrong

about that regularly when consumer

sentiment starts inflecting downwards

though and we potentially suggest that

we're going to start seeing less

purchasing we're going to potentially

see a slowing down in the economy

because of fears over delta that in my

opinion is just the beginning of the fud

the fear uncertainty and doubt that

maybe delta needs to create to

potentially see any kind of hiccup in

this market to have any potential hope

of the s b 500 having any kind of

correction for you to buy into if you're

looking for that kind of a dip but other

than that kind of a dip

yeah gosh s p 500 the dow continue to

hit record highs the market is

absolutely blowing up and really this

consumer sentiment reading i don't think

it's uh it's something that uh uh is it

will be too lasting beyond uh this

present fear that we have coming up with

the delta variant so we'll see what

happens we'll see how things expand but

this is gonna hit headline news it's

already headline news and it's going to

be headline news probably for the next

day and a half uh and so far the stock

market had a little initial setback and

uh then started rotating back up so i

think star the stock market's mostly

going to shrug this off but it's more of

a potential sign of a start of that wave

of bad news uh for for delta variant

changes

the big tell in my opinion and i would

watch this if i were you tonight or

tomorrow morning

google search

covet cases and see if we have a spike

up usually saturdays we have our highest

covered readings compare that to last

week and then we'll get to start

planning for what we want to do on

monday if we want to start buying the

dip on recoveries or if it's too soon

anyway my thoughts here thanks so much

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in the next one bye