March preliminary University of Michigan consumer sentiment
- Prior was 93.8
- Current conditions 111.2 vs 112.0 exp
- Expectations 89.2 vs 88.1 exp
- 1-year inflation 2.4% vs 2.6% prior
- 5-10 inflation 2.5% vs 2.3% prior
The Jan-Feb dips is now virtually wiped out. The correlation with stock markets is evident here but the takeaway is that the good times -- at least in the US -- are set to continue.
