Consumer Confidence Plummets To Nine Month Low, Biggest Miss To Consensus On Record

Tyler Durden's picture

Well if this doesn't send the market into all-time record high territory, nothing ever will: seconds ago the UMich Consumer Confidence plummeted from 78.6 to 72.3, on expectations of an unchanged 78.6 print. This was not only a 9 month low in the index, but more importantly the biggest miss to expectations in recorded history! Both conditions (84.8, Exp 89.5, Last 90.7) and expectations (64.2, Exp.70.0, Last 70.8), imploded, with the current conditions number the worst print since July and posting the biggest drop since August 2011. Surely if retail sales was not a sufficient Conviction Buy signal for the Fed, then Consumer Confidence should send Kevin Henry, who is now mainlining a trail mix cocktail of Redbull, Caffeine and Meth, into F5 overdrive. And if that doesn't do it, the final economic miss of the day, Business Inventories which also missed expectations of a 0.4% print, and dropped from 0.9% to 0.1%, the lowest since September 2011 and biggest miss since September 2012, should certainly cement today's 1600+ S&P close.



with current economic assessment terrible..


and add to that Business Inevntories miss and all things considered - another terrible data day.


Charts: Bloomberg

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SeverinSlade's picture

Chuck Norris to replace Ben Bernanke as Fed Chairman?  Talk about confidence!

Bearwagon's picture


S&P 1000000000000!

toys for tits's picture

The confidence plumetted because the students taking the survey were gloomy from the BitTheDustCoin crash.

TeamDepends's picture

UMICH is just upset they took Albrecht out and lost the game.

MilwaukeeMark's picture

S&P 10000
McDonald's $1 menu = $20

rotagen's picture

Everything will work out fine, somehow the Sandy Hook actors will take care of this.

BandGap's picture

We're setting records all over the place!

Fucking-A, is this a great country or what?

Shizzmoney's picture

I'm confident the economy will face plant sooner or later.

BandGap's picture

On a long enough timeline everything gets planted.

MiltonFriedmansNightmare's picture

We are currently in a depression which has been papered over with government transfer payments.  In a word, nothing matters. I guess you can call be a nihilist, and I can tell you this, it's fucking exhausting.

HulkHogan's picture

It has been a long, shitty winter that won't end.

spinone's picture

If the economy improves, the banks stop getting free money from the Fed. 

Do you think they are going to lift one finger to do anything that improves the economy?  The longer this grinds out, the more free money they get.

CH1's picture

The banks ARE the Fed.

At least the big ones are.

HD's picture

Consumer confidence only matters when it positive. A dismissed when negative.  Nothing new under the sun today.


Bearwagon's picture

There breaks the consumer's back. We shouldn't have talked about it ...

PUD's picture


Headbanger's picture

Just makes me want to get up and buy, buy, buy!!

More guns & ammo, if I can find any.

BandGap's picture

You can at

Fucking 22LR at 3-5X the price it was a year ago. 9mm has at least doubled, too.

Osmium's picture

I was shocked to find .223 and 5.56 in stock at my local store.  2 box limit, but I can go back everyday until they are sold out.

Winston Churchill's picture

Only stuff I can find is with berdian primer.No limit purchase.

Not reloadable.

I Am Not a Copper Top's picture

There's a serial junker on the loose


Edit:  And I preemptively junked myself so fuck you whoever you are

Bearwagon's picture

He's on a run today ... all day long ... hope he at least gets a decent pay

MiltonFriedmansNightmare's picture

I've noticed, undoubtedly a red team/blue team devotee.

BandGap's picture

I junked you because you acknowledged the obvious. And it's a pissed off FRIDAY, man.


Whose the blonde chick hawking t-shirts on this page?

LuckoftheIrish's picture

That's why I quit HuffPo, besides the abominable content.

Racer's picture

In the old days this would have sent the Dowplunging 200 points... but it has instead been bounced up by the HFTs... so much for a 'market' that this is for the 0.1%

e m m's picture

Just look at this number: 14833.

e m m's picture

OMG they're such bad boys and bought the dip again. That was super desctructive after the NFP and they're showing us again they're completely feeling the stubbornness of this badass market. Totally rad.

TuesdayBen's picture

Consumer confidence?

I am confident that more credit card offers are headed the consumers' way.  More credit-fueled spending ahead.

toady's picture

I actually received a couple of mortgage letters this month, along with the four or five pre qualified CC's.

I guess all the quality debt slave are used up...

TuesdayBen's picture

I average around 1 snail-mail debt offer per day. 

The appetite of the enslavers remains rapacious.

MilleniumJane's picture

Yep, my husband and I have been getting them regularly every two weeks since last Christmas.  CapitalOne, Visa, MasterCard, AmericanExpress...all get "filed" in our woodstove.

toady's picture

We do the same with the CC offers, but when the wife saw the home equity offers I could see the gears starting to turn behind her eyes ... I hope she doesn't bring up a big, expensive vacation in the next few weeks!

HD's picture

Look everyone got a free -1  Krugman's here!

Confundido's picture

Things look shity = deflation = gold down

Things look bright = no QE = gold down

Things look so-so = look for yield = gold has none = gold down

No news = why hold gold = gold down

No fundamentals = technicals are valid = chart looks ugly = gold down

not convinced? = Soros sells gold = gold down


Bearwagon's picture

It all comes crumbling down = gold up through the roof

Confundido's picture

You will have drowned by then.