The Conference Board’s monthly consumer confidence index soared in April to 121.7 from its March reading of 109.0, a number well above expectations and one that shows consumers are quickly returning to normal behaviors following more than a year of the coronavirus. The Present Situation Index – which tracks consumers’ assessment of current business and labor market conditions – rose sharply to 139.6 from 110.1. The Expectations Index – which measures the short-term outlook of consumers – rose slightly to 109.8 in April from 108.3 in March. Analysts had predicted a reading of 112.0. But rising vaccination rates, along with a steadily improving labor market, have buoyed the feelings of consumers. “Consumers’ assessment of current conditions improved significantly in April, suggesting the economic recovery strengthened further in early Q2,” said Lynn Franco, senior director of economic Indicators at The Conference Board. “Things seem to be getting better and it would make sense that people are growing more confident in the future,” said Drew Matus, chief market strategist at MetLife Investment Management. “Instead, they are very optimistic about the now. Whether this translates into sustained consumer activity is likely dependent on whether a strong improvement in consumers’ view of the labor market is just a view, or being realized via lower unemployment.” Nick Note: One of the hottest consumer confidence reports ever.. And these assholes are still not sure. Well i can tell you for a fact I am sure. this is the hotttest economy ever… for now!