After March’s exuberant surge to the higest level since Jan 2008, serial extrapolators drew their lines and proclaimed that Consumer Confidence would jump further to 83.2 – it didn’t. Confidence dropped from a revised 83.9 to 82.3 as Present Situation dropped its most in 15 months. Hope (expectations) remains at its highest in 8 months but plans to buy a car dropped to 1 year lows and plans to buy a major appliance dropped to 5 month lows.
Charts: Bloomberg
via Zero Hedge http://ift.tt/1ftj04L Tyler Durden