05|30|2023

Leading Indicator Watch | May 26, 2023

Consumer
AUTHOR: Kerry Hilsabeck, CFP®
TITLE:       Investment Adviser Rep
TAGS:   Jobs, PCE, Housing, Yield Curve, Money Supply, S&P 500, Consumer Sentiment

While Unemployment and Housing had some brights spots, let’s look at Consumer Sentiment and Consumer Goods and Materials this week: Michigan Consumer Sentiment (May) fell to 59.2 from 63.5; PCE Price Index (YoY)(Apr) rose 4.4% compared to estimates of 3.9%, indicating that prices remain elevated with continued Consumer Spending which increased .8% (MoM)(Apr) compared to forecasts of .4%.

Be sure to check out more of last week’s leading indicators here and stay tuned for Market Thoughts.

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