Consumer Confidence Surges; Beats By Most On Record

Tyler Durden's picture

Of course, why not. University of Michigan Consumer Confidence jumped from 75.1 to a preliminary 82.5 beating expectations by the most on record. While we remain below the July 2013 highs, current conditions soared to the highest since May and the economic outlook spiked to the highest since August. This is the biggest absolute improvement in current conditions since December 2008.... and that ended well eh?

 

 

The last time current conditions jumped this much... it didn't end well...