Driven by a collapse in ‘hope’ – future expectations dropped to 78.9, the lowest since Feb 2014 – The Conference Board’s Consumer Confidence headline dropped from 97.8 to 92.2, the weakest since July 2015. Amid the so-called best jobs market in decades, near-record low gas prices, and a resurging stock market, it appears the ‘everyday American’ is not amused as all the ‘increases in animal spirits’ since QE3 have evaporated.
Consumer Confidence is hovering near 3 year lows… erasing all the gains since QE3 was initiated
As hope collapses…
Unde rthe surface things are beaking down as “labor differentials” tumble to the most negative in 7 months, and home-buying appetite drops to 8 month lows.
via Zero Hedge http://ift.tt/1SQsYiZ Tyler Durden