Preliminary November survey data from the University of Michigan showed overall US consumer sentiment jumped higher, led by 'hope' as the Expectations sub-index jumped to the highest since July 2021 (while current conditions dipped)...

Source: Bloomberg

Expectations over personal finances climbed 6% in part due to strengthening income prospects, and short-run business conditions soared 9% in November.

Long-run business conditions increased to its most favorable reading in nearly four years.

Inflation expectations were mixed with 12-month expectations dropping to 2.6% - the lowest since Dec 2020 - while the medium-term expectations inched higher...

Source: Bloomberg

The median value of consumers' equity market holdings hit a new record high but expectations for future performance dipped a little...

Source: Bloomberg

Ironically, Democrats' confidence rose in the latest survey while Independents tumbled...

Source: Bloomberg

This survey was taken before the election.