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Unexpected Consumer Data: a Climb in Confidence for January | Episode 095 | 01-30-2024

Season 1 Episode 95 Published 2 years, 7 months ago
Description

Megan Horneman, Chief Investment Officer at Verdence Capital Advisors, looks into the surprising consumer confidence report in today's episode. Exceeding analyst expectations, the present situation confidence hit its highest level since 2020, while future expectations reached a six-month high. Megan talks about the key components, including the job market, revealing a significant shift in perception. Notably, lower-income brackets showed the most confidence, contrasting with a decline in confidence among those earning over $125,000 annually. Stay tuned for more insights this week, including the FOMC rate decision, ISM, and the January jobs report. For questions or comments, reach out to podcast at Verdence dot com. 

Watch today's episode here: https://youtu.be/_2CTUyPltJ8

Disclaimer:  material was prepared by Verdence Capital Advisors, LLC (“VCA”). VCA believes the information and data in this document were obtained from sources considered reliable and correct and cannot guarantee either their accuracy or completeness. VCA has not independently verified third-party sourced information and data. Any projections, outlooks 
or assumptions should not be construed to be indicative of the actual events which will occur. These projections, market outlooks or estimates are subject to change without notice. This material is being provided for informational purposes only and is not intended to provide, and should not be relied upon for, investment, accounting, legal, or tax advice. Past performance is not a guarantee of future results. Different types of investments involve varying degrees of risk, and there can be no assurance 
that the future performance of any specific investment, investment strategy, or product or anynon-investment related content, made reference to directly or indirectly in these materials will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. You should not assume that any 
discussion or information contained in this report serves as the receipt of, or as a substitute for, personalized investment advice from VCA. Due to various factors, including changing market conditions and/or applicable laws, the c...

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