American “Hope” Spikes To Highest In 18 Months After Trump Win

Inflation expectations (short- and long-term) have risen notably in the latest Uiniversity of Michigan survey data but it is “hope” that has soared. Consumer Expectations spiked most in over 3 years to 85.2 in November to 18 month highs following the election of Donald Trump as US president.
While current conditions remain well off the summer highs (107.3 vserus 110.8 in June), it is the surge in “hope” that is most notable.
Furthermore Business Expectations soared from 80 to 92 post-election.
So why the surge in optimism? One word: Trump.

This post was published at Zero Hedge on Nov 23, 2016.