But, but, but – low gas prices, high stock prices… everything is awesome. It appears not even the average joe American consumer is fooled by the latest manufactured rally in stock prices as UMich confidence tumbles to 5-month lows (90 vs 92.2 exp) with future expectations “hope” perfectly anti-correlated with the surge in stocks…

On the bright side, inflation expectations picked up modestly… but that hardly helps given the overall confidence hovers near 18 month lows.