Consumer confidence continues to hold at elevated levels established after the election of President Trump.  Today’s read from the University of Michigan beat consensus and illustrates improved optimism for the economy six months from now.  While the bipartisan underpinnings remain the gap between Democrats and Republicans, it has narrowed to 55 points from 65, as the former is less worried about an immediate recession and personal financial setbacks.

I have a family emergency so there are lots of things I will drill into over the weekend, including the “Herculean” US-China trade deal announced by Wilbur Ross.  I will say I have always pointed out we need to open foreign markets rather than close America’s market.  (That’s not globalism, its common sense that improves the lives of all Americans.

Have a great weekend.