Following last month’s drop and missed expectations – just when a post-weather bounce was hoped for – May’s 83.0 print (in line with expectations) is disappointing to those seeing all-time highs in stocks. As reminder, the US consumer decided they were most confident in March – amid the shitty weather and stumbling stock market – and now with warm weather and record highs, things are less exuberant. Looking forward, plans to buy an appliance dropped as did plans to buy a home (even as rates drop).
As plans to buy a home plunge…
via Zero Hedge http://ift.tt/1peZUmh Tyler Durden