The Just released April Consumer Confidence Number was ugly on the headline Number 86.9 vs F/C of 87 down form lasts months 118.8 but it met expectations.If you look At some of the Sub Sectors this is where the Shocks are .Consumer Confidence from the Confidence board focus more on labor Markets then its peer U of Mich Confidence,below is the Spread between Jobs plentiful – Jobs hard to get, just WOW! what a collapse what a turn around in one months time that Jobs Plentiful could just disappear

Now the Second Component I want to highlight is the present Situation metric , definition is in the title how confident are the 3000 respondents in their present situation.It dropped from 167.7 last month to today’s 76.6 again Just WOW. We all know things are going to Be bad in Q2 but sometimes a reminder,in graphical form is needed to drive home point.