Following last month’s exuberant catch-up to the Conference Board confidence, UMich confidence surged to cycle highs (helped by Ebola panic and the worst stock maket turmoil in years). At 86.4, handily beating the 84.0 expectations – this is the highest confidence since July 2007. This is the biggest beat of expectations since April 2013 as current conditions were flat but the outlook for the future (hope) surged to 78.4 – highest in 2 years.
Charts: Bloomberg
via Zero Hedge http://ift.tt/1oeg8gZ Tyler Durden