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Consumer sentiment up following March rally
Following the March rally, consumer sentiment is up significantly according to the latest Michigan survey. The latest numbers indicate sentiment is at a recession-busting 65.1, up from March's number of 57.3 and significantly ahead of consensus numbers at 61.5. Of course, the cynics among us will attribute it to a lagging indicator that is likely to add further fuel to the fire that is the March bear rally.
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