The Bloomberg Consumer Comfort Index surged in the week-ending Feb 9th (matching its biggest weekly jump in 9 years) to its highest since 2001... as the US equity market crashed...
As Bloomberg notes, consumers remain upbeat about the economy, their finances and the buying climate, representing a disconnect from volatility in the stock market that culminated in a 5.2 percent slump in the Dow Jones Industrial Average last week.
Comfort among married Americans reached its highest since January 2001, which at 64.8, is far higher than for singles.
Sentiment among political independents reached its strongest reading since February 2001.
Confidence among Republicans, while falling last week, remained higher than that of Democrats.
Comfort levels increased the most among Americans in the South and West.