Following the very weak Conference Board Consumer Confidence figure on Tuesday and the 4 month low in the ABC confidence poll, the final Feb U of Michigan confidence figure was little changed (73.6) with the preliminary (73.7) but was a touch below expectations of 73.9 and down from 74.4 in Jan. From Jan, Current Conditions rose by .7 pts but the future Outlook fell by 1.7 pts. One year Inflation expectations are at 2.7%, down .1% from Jan. From the initial report of a few weeks ago and which makes up 60% of the final #, Current Conditions fell by 2.3 pts, partially offset by a 1.5 pts gain in the Outlook. Bottom line with all these confidence figures, they are all greatly influenced by the labor market and how one feels doesn’t necessarily lead to action and its why these data points are more anecdotal in nature and historically not market moving.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.