Alon Ozer Discusses Falling Consumer Confidence with NBC News

Despite stocks recently reaching record highs, October marks the third consecutive month of consumer confidence falling, according to The Conference Board’s consumer index.

While it is no surprise that the impending trade war and slowing down of job growth are dominant factors in this slipping consumer confidence, experts say another reason why shoppers may be curbing their spending habits is due to heightened worry in corporate America. In fact, even if consumers are happy with their bank accounts, lowered CEO confidence can often cause shoppers to worry about trouble ahead.

To better understand consumer confidence’s relationship with CEO confidence, NBC News recently spoke with Omnia Family Wealth Chief Investment Officer Alon Ozer.

“What we do kind of worry about is, there’s a relationship between the consumer confidence and CEO confidence,” explains Ozer. “CEO confidence tends to lead to consumer confidence – and that one hasn’t been going great.”

Supporting Ozer’s statement, The Conference Board discovered that CEO confidence fell to its lowest level in a decade earlier this month. This plunge is likely due to the same heightened degree of uncertainty that is beginning to affect consumers.

“That’s what concerns me about consumer confidence – that it’s going to start following the CEO confidence,” Ozer said.

Click here to read the entire NBC News article.

Receive for Insights

This field is for validation purposes and should be left unchanged.

RELATED ARTICLES

Omnia Family Wealth Recognized In Financial Advisor Magazine’s 2022 RIA Ranking

Omnia Family Wealth Recognized In Financial Advisor Magazine’s 2022 RIA Ranking

Read More
Michael Wagner Comments on Short-term Treasury Market in Bloomberg

Michael Wagner Comments on Short-term Treasury Market in Bloomberg

Read More
Michael Wagner On the Importance of Flexibility in Attracting Young Advisors in Barron’s

Michael Wagner On the Importance of Flexibility in Attracting Young Advisors in Barron’s

Read More
Michael Wagner Shares Financial Moves for Retiring Smoothly in a Bear Market with Money

Michael Wagner Shares Financial Moves for Retiring Smoothly in a Bear Market with Money

Read More
Michael Wagner Explains the Benefits of GRATs in Financial Planning

Michael Wagner Explains the Benefits of GRATs in Financial Planning

Read More
Investing Amid Stagflation: US Wealth Managers’ Perspectives

Investing Amid Stagflation: US Wealth Managers’ Perspectives

Read More
Omnia Family Wealth CEO Steven Wagner Named Among Barron’s Top Advisors of 2022

Omnia Family Wealth CEO Steven Wagner Named Among Barron’s Top Advisors of 2022

Read More
Michael Wagner in MarketWatch: What Cautious Investors Need to Know About the Ukraine Crisis

Michael Wagner in MarketWatch: What Cautious Investors Need to Know About the Ukraine Crisis

Read More
CNBC Interviews Michael Wagner About Investment Mindset Amid Geopolitical Issues in Russia and Ukraine

CNBC Interviews Michael Wagner About Investment Mindset Amid Geopolitical Issues in Russia and Ukraine

Read More
©2022 Omnia Family Wealth, All Rights Reserved.