Trump Victory Sends Consumer Confidence Soaring To Post-Lehman Highs

Tyler Durden's picture

Having fallen to a 3-month low in October, Conference Board Consumer Confidence soared to 107.1 in November post-Trump - the highest since July 2007. This confirms Gallup's survey which saw economic confidence at its highest level since before Lehman, swinging positive post-Trump after being almost uniformly negative since Obama's election.

Americans haven't been much more confident than this in decades... (though notably, while plan to buy a home or major appliance gained, plans to buy a car dropped)

 

And this confirms Gallup's survey results...Americans expressed more positivity about the U.S. economy last week than they have at any other time during the nine years that Gallup has been tracking the U.S. Economic Confidence Index.

Economic confidence has been below zero nearly continuously since 2008, hitting its lowest level of -65 in October 2008 at the onset of the financial crisis. Aside from the recent pair of positive index readings, Gallup's weekly scores were positive several times during a brief, three-month span from late 2014 to early 2015, when U.S. consumers enjoyed a sustained drop in gasoline prices.

Notably, Bloomberg points out that Consumer Confidence declined markedly pre-election in the swing states of Ohio, Florida, and Pennsylvania in the run up to the election...

 

But November saw quite a spike...

 

As Gallup concludes, it's too early to tell whether this uptick in Americans' positivity will last as Trump's term begins in January. But two weeks of positive index readings on the heels of his unexpected victory reveals a degree of economic confidence Americans have not expressed since the recession.

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LawsofPhysics's picture

So, just to clear (and consistent with our trading mantra), this is the highest CONfidence has been "since Lehman"...

Ghost of PartysOver's picture

Trump better deliver or the brown stuff will impact the rotating blades.  After all the Wall street game is a game of expectations.

SomethingSomethingDarkSide's picture

Ask your average consumer what effects Interest Rates have over their lives.

Stupidity is high, not Confidence.

Serfs Up's picture

Looks like Tyler accidentally posted a chart of the Dow

/checks again/

My bad...that's ConCon.  

/This is why the indexes are manipualted higher, of course.

silverer's picture

The only sad folks will be the teleprompter guys.

youngman's picture

As long as Trump keeps adding great people to his cabinet...I will keep feeling better too..

Ghost of PartysOver's picture

Except Romney.  That would be a deal killer for me.

ejmoosa's picture

I think sending him to a remote nation to manage the embassy would be the best use for him.

SomethingSomethingDarkSide's picture

Trump is using Conway to back away from Romney, while still appearing to give him the time of day

buzzsaw99's picture

they are all just so excited about that $500 tax cut. lulz

ToSoft4Truth's picture

$500.00 equates to a new PS4-Pro and a fat sack of green. 

DeeZ_nutZ's picture

Suck that, putin!  Amerikanski will never stop buying shit!

hotrod's picture

I thought Hillary won the popular vote.  Guess they polled more Trump supporters

angry_dad's picture
angry_dad (not verified) Nov 29, 2016 10:27 AM

too bad the average gringo is broke and hopelessly in debt with credit card, housing, school, health care charges, and auto loans.

 

who will bail them out?

bada boom's picture

Once again, Trumphoria.

brentm381's picture

Broadcast that to the idiot protestors.  Oh wait, they don't listen to facts.

DuneCreature's picture

Consumer Confidence?!? ..... Who grew these numbers in their basement? ......... What fucking consumer confidence? .. Who did they poll? ........ Bums and EBT card holders?

----------------**** The End Of Funny Money ****------------------

Tranny Training Recess Is Over Privates 1st cls. and Sailor Boyz
(https://www.youtube.com/watch?v=IeYDHfp9P_g)

Productivy this, ... nIm ... you thieving bankster ass wipes.

Live Hard, Learn To Feed Yourself You Debt Butt Bandit Bunnies, Die Free

~ DC v4.0

StreetObserver's picture

Screw "confidence!" Spend nothing that you don't have to in the remainder of the Obamanation and then show your confidence by shifting your savings by spending your money in February, so Trump gets the economic rebound in his first full exclusive month.

i.e. Pal of mine runs a hardware store. To get even for the burden of Obamacare, he's freezing all inventory purchasing until February, or having it shipped earlier with a pay date then.

Another Trump supporter is throwing a big garage sale to get rid of the stuff he doesn't really need. That way others get his stuff instead of buying new, he gets the cash and clears his shelves for restocking in the Trump administration.

What they are doing is taking the Clinton Foundation concept of "one dollar-one vote" and exercising that vote post election. You can do the same with everyday discretionary purchases.

 

coast's picture

selling bonds and buying stocks making stock market go up making people more confident....lol