FYI: To say that this morning’s Consumer Confidence report was better than expected would be a major understatement. With economists expecting the headline index to fall slightly to 114.0, the actual reading blew the roof of estimates coming in at 125.6, or the best reading since December 2000. In terms of how the report came in relative to expectations, today’s report was the fifth biggest beat since at least 1999 and just the seventh time that the actual reading has exceeded expectations by ten or more points.
Regards,
Ted
https://www.bespokepremium.com/chart-of-the-day/chart-of-the-day-consumer-confidence-blowout/Consumer Confidence – It’s All About The Income:
Today’s Consumer Confidence report for the month of March was impressive on a lot of fronts. Besides the fact that it was the fifth biggest beat relative to expectations for the headline index since 1999 and both Present Situation and Expectations saw healthy increases, confidence levels are also now comfortably above the highs we saw in the prior cycle. That breaks what looked like was a trend of lower highs in confidence that appeared to be forming from the peak Consumer Confidence readings in the 1990s
https://www.bespokepremium.com/think-big-blog/consumer-confidence-its-all-about-the-income/
