13-year highs in consumer sentiment data from the University of Michigan
- Prior was 95.1
- Current conditions 116.4 vs 111.7 prior
- Expectations 91.3 vs 84.4
- 1-year inflation expectations +2.3% vs +2.7% prior
Highest since November 2000.
That's a great signal for consumers and the broader economic environment. The troubling subplot is that drop in inflation expectations.