Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

UMich Sentiment Slumps In July As Inflation Expectations Hit 13 Year High

Courtesy of ZeroHedge View original post here.

Following June’s mixed picture on sentiment, UMich was expected to show confidence improving for both current and future conditions, but it didn’t… by a long way…everything missed huge.

The headline UMich print plunged from 85.5 to 80.8 in preliminary July data, with both current conditions (84.5 vs 88.6 prior) and hope (expectations tumbled from 83.5 to 78.4)…

Source: Bloomberg

Buying attitudes crashed even further in this flash July data with homebuying sentiment the worst since 1982…

Source: Bloomberg

And aggregating those 3 indices, this is the worst buying attitudes ever from the survey…

Just 30% of all consumers cited favorable home buying conditions, the lowest level since September 1982; when asked to explain their bleak assessment, 71% mentioned high home price, the highest percentage ever recorded.

Source: Bloomberg

Finally, we note that short-term inflation expectations soared to their highest since June 2008 (seemingly confirming The Fed’s survey that this is anything but transitory)…

Source: Bloomberg

Get back to work Mr.Powell and keep that narrative going!


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!