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Afternoon Note

Week Ending News

By Charles Payne, CEO & Principal Analyst
6/14/2024 1:06 PM

The good news is there was bad news to carry the market into the weekend.

The Michigan Consumer sentiment report declined for the third consecutive month because of the impact of inflation on personal finances.

“Anxiety over persistent inflation helps drive down US consumer sentiment for the third consecutive month.” - AP

What stands out to me is the sharp decline among Democrats driven by plunge in current conditions and spike among GOP voters on expectations. Trump to the rescue?

It shouldn’t be a surprise consumer discretionary is the worst performing sector.


 

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