Consumer Confidence Jumps To 6-Year High (Led By Surge In Hope)

The ‘recovery’ has reached a new cyclical high in consumer confidence. Despite the economic growth sapping, recovery dampening, Fed tapering, consumers have not been more exuberant since January 2008. Of course, the jump to new highs is all about the future – the Present Situation index dropped while the “Expectations” index jumped 7 points to 83.5 – its highest in 6 months.

 

 

Charts: Bloomberg