Fewer Consumers Want To Buy
The AP-Ipsos consumer confidence report is out and the findings will make flippers nervous. "A measure that tracks consumers' feeling about making a purchase, saving and other investment decisions dropped to 75.8 in May, from a reading of 87.4 in April. That contrasts sharply with May of last year, when this investment barometer clocked in at 93.6."
That's down 13% in a month and 19% year over year.