American Express: Consumer Confidence Rebound Is Big

AMEI 3759 oo YOUR NAME magnez2 Investment Thesis I haven't covered American Express (NYSE:AXP) since late May, but overall shares have performed well, rising 7.72% (including dividends) compared to the market return of 5.77%. However, since my last write-up in May, the market seems to have become far more bearish on the US consumer, largely driven by concerns of consumer budgets tightening (from rising interest rates and high inflation). What I find interesting about this is that general Wall Street pessimi ...