Consumer confidence is down in the dumps, but does it matter in a K-shaped economy? RBC Capital Markets Head of Derivatives Strategy Amy Wu Silverman explains why weak sentiment hasn't dented the hard data while high earners keep spending, and Slatestone Wealth Partner and Chief Market Strategist Kenny Polcari says the confidence numbers reflect people at the bottom of the K. Yahoo Finance Senior Autos Reporter Pras Subramanian joins the panel on rising Treasury yields, mortgage rates and whether housing prices need to reset. 00:00 Does consumer confidence matter in a K-shaped economy? 00:13 Hard data vs. soft data 00:45 Why the bottom of the K is frustrated 01:27 Does confidence move the needle for stocks? 01:49 Could the midterms change that? 02:17 Yields climb again, and why Bessent can't control them 03:04 Mortgage rates and lost buying power 03:32 Is a housing price reset coming? 04:08 Rate hikes, the war and the demand for money #KShapedEconomy #ConsumerConfidence #HousingMarket #MarketHang #YahooFinance == AlphaSpace by Yahoo Finance: A Professional-Grade Investment Platform Built for Everyday Investors. 👉 https://finance.yahoo.com/about/promos/gold/alphaspace?ncid=100003571