UoM SENTIMENT TUMBLES TO PRE-ELECTION LOWS

 Despite a rebound in business survey hope, a number of consumer confidence measures have been tracking lower in recent months as Trumphoria fades. July's final UMich consumer confidence data confirms this trend printing at 93.4 - the lowest since Oct 2016. While current conditions rose to the highest since July 2005, the biggest driver of the overall decline was a tumble in the 'expectations' index.