US July consumer confidence data
- Prior was 98.1 (revised to 98.3)
- Present situation 94.2 vs 86.2 prior (prior revised to 86.7)
- Expectations 91.5 vs 106.0 prior (prior revised to 106.1)
The expectations component is an important leading indicator. You wonder how much the drop has to do with uncertainty about unemployment benefits and the backslide in the virus, but that index is certainly not painting a V.