Consumer Confidence Stumbles As Stock Market Optimism Plunges Most In 15 Months
by Tyler Durden
ZeroHedge.com
Apr 25, 2017
After rising almost incessantly for the last few months (post-trump), The Conference Board’s consumer confidence index dropped in April (though remains near decade-long highs) with a notable drop in ‘expectations’ (and business conditions weakening).
This is yet another ‘soft’ survey catching down to ‘hard’ data’s reality.
But one of the most-watched aspects of the report was the ‘expectations for future stock market increases’ which reached its highest since the peak in 2000 in March. April saw it tumble – biggest drop since Jan 2016.
The Rest…HERE
