Source: Zerohedge | VIEW ORIGINAL POST ==>
Longer-term inflation jumped to their highest since June 2008, according to the latest UMich Sentiment survey, while short-term inflation expectations dropped to four year lows…
Source: Bloomberg
Interestingly, on the heels of a positive PMI surprise – based on Trump – UMich sentiment declined in November (from preliminary to final) but was higher overall (even though current conditions dipped)…
Source: Bloomberg
Post-election interviews were 1.3 points below the pre-election reading, moderating the improvement seen earlier in the month.
Overall, the stability of national sentiment this month obscures discordant partisan patterns.
In a mirror image of November 2020, the expectations index surged for Republicans and fell for Democrats this month, a reflection of the two groups’ incongruous views of how Trump’s policies will influence the economy.
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