Key insights
- US consumer sentiment worsened in April, nearing two-year lows, according to Morgan Stanley's AlphaWise survey. Despite economic pessimism, spending intentions on consumer electronics surprisingly increased. This divergence suggests potential resilience in specific sectors despite broader economic concerns, but overall, the negative sentiment poses a slight downside risk for US equities.
Investing.com -- U.S. consumer sentiment deteriorated in April, hitting near two-year lows, even as households signaled a surprising uptick in their willingness to spend on consumer electronics in the months ahead, according to a new survey by Morgan Stanley.
The firm’s latest AlphaWise Consumer Survey found that a net 18% of Americans expect the economy to worsen over the next six months, down one percentage point from March and reflecting growing pessimism around macroeconomic conditions. Meanwhile, expectations for personal financial situations remained subdued, with only a net 12% anticipating improvement.