This extent of pessimism has heralded every recession since the 1970s.
There's a massive gulf between how Americans feel about the future of the economy and their assessment of present conditions.
Liz Ann Sonders, chief investment strategist at Charles Schwab, gave Business Insider an exclusive look at this dynamic, and what it means going forward.investors are constantly on the lookout for signs that corporate profits are in jeopardy. A recent trend among consumers has flagged to some Wall Streeters that their confidence is waning — even though it doesn't appear that way on the surface. After all, the Conference Board's consumer-confidence index rebounded in February after three straight monthly declines.
"Troughs in this spread have historically represented near-term recession warnings," Sonders told Business Insider.In a separate note, Sonders said it's impossible to know for sure whether this indicator has indeed bottomed. Also, it's just one of several indicators — both leading and lagging — that investors are keeping a close eye on.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Economy grew 2.6% in Q4 and 2.9% in 2018, matching strongest yearly showing since recessionThe U.S. economy grew 2.6 percent in Q4 and 2.9 percent for all of 2018. That matches its best annual performance since the recession.
Read more »
Cuomo signs 'Red Flag' gun control bill, flanked by Pelosi and mother of Parkland victimNew York Gov. Andrew Cuomo, flanked by House Speaker Nancy Pelosi and the mother of a victim of the Parkland, Florida shooting, signed legislation that could allow teachers and school administrators to thwart school shootings through court intervention
Read more »
The Next Recession Will Show The Stark Reality Of The Retirement CrisisThe country faces a growing retirement crisis. This reality has not gone away because recent favorable trends have temporarily helped out older workers. More jobs and higher retirement balances are certainly welcome, but retirement security will likely take a sharp turn in the next recession.
Read more »
There’s been a huge rise in creeps using Instagram to groom childrenThe NSPCC found 22% of all 1,944 grooming offences recorded by British police forces over a six-month period last year took place on Instagram.
Read more »
Chinese households are feeling the strain as the economy cools and living costs riseBeijing is counting on the nation's vast consumer base to cushion the slowdown, but as things grow more clouded, Chinese are tightening their belts.
Read more »
Americans would prefer picking the president with the popular vote, but there's a catchIs America getting any closer to electing the president by popular vote? “This is not a partisan issue. It looks like that now because of the current President,” says New Mexico State Sen_MimiStewart, adding “it’s only a matter of time.”
Read more »