This morning, UMichigan Consumer Sentiment hit its highest level since the summer of 2007.
That can be explained in 3 charts.
First, the stock market is at its highest level ever.
FREDMeanwhile, the year-over-year change in gas prices is decidedly negative, which is refreshing, and acts as a form of stimulus.
FREDAnd finally, here’s the year-over-year change in Case-Shiller home prices. Gains are surging.
FREDStocks, gas prices, and home values all going in the right direction.
What’s not to love?
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