As Stocks Hit Record Highs, Americans' Consumer Confidence Collapses To Record Low

As Stocks Hit Record Highs, Americans' Consumer Confidence Collapses To Record Low With the "mini war" still ongoing (albeit with a 'ceasefire' in place), expectations were for UMich consumer sentiment to continue languishing at record lows in final May data released this morning. And it did, with the headline sentiment - along with both Current Conditions and Expectations - all plunging to record lows... Source: Bloomberg Yep... Americans have never been more miserable... Bl...

By Tyler Durden