Consumer confidence data from The Conference Board

  • Prior was 137.9

  • Present situation at 172.7 vs 172.8 prior

  • Expectations 111.0 vs 114.6 prior

  • Jobs hard-to-get 12.2 vs 13.4 prior

The prior was the best since 2000, so we're dealing with a hot series here. Overall, this dip is modest compared to the massive runup in the series in the past 5 years.