Consumer Sentiment: The Long Road Back From Covid

On Friday, Wall Street celebrated one of the best monthly readings for Consumer Sentiment that we've seen in a very long time. The report was the monthly survey by the University of Michigan of the American Consumer's Sentiment, whether consumers are upbeat or downbeat about their economic futures. This particular sentiment indicator is so important because consumers, retail buyers like you and me, make up about two-thirds of the economic activity in this country.