The April preliminary survey of consumer sentiment from Reuters and the University of Michigan:
- Final reading for March was 78.6
- Current conditions 84.8 vs 90.7 prior — lowest since July
- Expectations 64.2 vs 70.8 prior
- One year inflation outlook 3.0% vs 3.2% prior
If you’re crazy enough to do technical analysis on a fundamental chart, you won’t like where this one is pointing.
