Consumer confidence data from the Conference Board
- Best reading since 2001
- Prior was 125.4 (revised to 124.3)
- Present situation 162.4 vs 155.3
- Expectations 109.7 vs 105.5 prior
Big numbers. Never underestimate the power of the US consumer. Checks are starting to roll in from the tax cuts and the stock market has steamrolled any worries.
