Having fallen for the last two months, with stock prices back near record highs, many expected an exuberant bounce in UMich Consumer Sentiment and were not disappointed. In the face of rising gas prices, Consumers were loving it - UMich printed 95.9, beating expectations of 94.0 by the most since August, for the 2nd most exuberance since 2007. Current and futures expectations rose notably as consumers believe now is a good time buy a home, vehicle, ore major appliance more than ever.
Confidence rebounds in April...
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After an exuberant run up as gas prices dropped, Consumer Sentiment has now dropped as prices move back higher... (it seemed Gas prices trumped stock prices for 'confidence'... until this month)
[4]
Charts: Bloomberg
