Consumer Confidence Tumbles, Misses By Most In 5 Years

Stunned... Despite soaring stock prices and low gas prices, Consumer Confidence tumbled to 95.2 (against expectations of a jump to 102.2) to its lowest sicne 2014. This is the biggest miss since June 2010. We are going to need more oil price deflation and stock price reflation (and less looting). New England and West South Central Regions saw the biggest plunge in confidence and despite the plunge in current situation, future expectations (aka "hope") jumped from 90 to 96.

 

 

Charts: Bloomberg