Reply To: Traders Market Weekly: Fear and Greed in Las Vegas.

#73988
Truman
Participant

The University of Michigan Consumer Sentiment survey dropped to 77.2 in the final reading for April (consensus 77.9) from 77.9 in the prior reading.

In the same period a year ago, the index stood at 63.7. The index has held in a narrow 2.5 index point range since January.

The key takeaway from the report is that consumer sentiment is holding steady despite an uptick in inflation expectations. Presumably, that can be owed to the ongoing strength in the labor market and rising personal income.