Original Coverage: There’s a big disconnect between US economic vibes and what the data actually says

The US economy is holding up, but Americans don’t seem to see it that way. Forward-looking data like consumer sentiment is way down, while the Fed uses to inform policy is still strong. The gap between the standardized “hard” economic data and “soft” data is the largest on record. Good vibes on Wall Street are propelling a strong rally this week, with the S&P 500 on track to notch its fifth-straight winning session, on optimism around trade negotiations between the U.S. and China. But the sour feelings about the economy don’t square with the hard data, which is still good news for the stock market as long as the US avoids a recession..lighning bolt icon An icon in the shape of a lightning bolt. An icon for the US-China trade deal. An Icon for the United States-China Trade Agreement.

Source: Businessinsider.com  |  Read full article