UMIch Consumer Confidence Goes Euphoric - Highest Since Dec 2006

The last time Americans were this full of shits and giggles was December 2006 - according to UMich latest survey of consumer sentiment. The indicator has risen for 5 straight months accelerating each time with the biggest surge since the mid-2011 US downgrade crash. At 93.8, smashing expectations of just 89.5 by the most since March 2013, for a 5-standard-deviation beat. Inflation expectations rose (as inflation plunges) and while both current and outlook indices rose markedly, it is the hope-strewn 'economic outlook' that exploded.

 

A picture paints a thousand words...

 

 

Biggest beat in 21 months...

 

A Euphoric Goldilocks Surge to 8 year highs...

 

We think this 140-character-or-less tome explains it all....

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