Schrodinger's Confidence: US Consumers Both More And Less Confident At The Same Time

Despite Gallup's poll showing consumer confidence going nowhere this year, and Bloomberg's consumer comfort level for high-income earners collapsing, the government's UMich Consumer Sentiment measure has soared to its highest since last July's exuberance (at 84.6). Take your pick which data you trust...

UMich beats and surges to 15-month highs...

 

totally ignoring other data...

 

Charts: Bloomberg