Consumer Confidence Plunges To 10-Month Lows As Job ‘Hope’ Fades
by Tyler Durden
ZeroHedge.com
05/31/2016
The Conference Board’s consumer confidence measure has hovered around the 95 level for the last 6 months (as gas prices dipped and ripped, as stock prices dipped and ripped, and as political chaos reigned). This ‘stability’ is in stark contrast to other surveys of confidence such as Bloomberg’s and Gallup’s which are both at multi-month lows… until today. Consumer Confidence plunged to 92.6 (missing expectations of 96.1 by the most since November). May’s dismal print (a 3 sigma miss) is below the lowest of 68 economist estimates as expectations slipped modestly but Present Situation tumbled with optimism on jobs sliding to 6-month lows.
The Rest…HERE
