US equities are surging, talking heads are exuberant, and China's fixed - so why are Americans so miserable? Bloomberg's Consumer Comfort index plunged the most since February in the last week, near 2015 lows as it appears The Fed is rapidly realizing "you can fool all the people some of the time, but you cannot fool all the people all the time." It appears the cohort that 'gave up' the most in the past week was 'black' Americans, whose comfort plunged below 'white' Americans for the first time in over a month.
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#BlackComfortMatters
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Charts: Bloomberg
