Everybody keeps talking about a recession, but they forget that the consumer drives 70 of the economy and guess what just came out? The university of michigan consumer sentiment index, which showed an increase from 59.4 with an expectation of 59 to a rate of 65.7. This is the biggest jump and totally unexpected jump in consumer confidence that we have seen since january, which that might not sound like a long time. But guess what happened on february 24th war, and we all thought that consumer sentiment would actually plummet further. And people would save money and spend less money.

In fact, the opposite is happening. Consumer sentiment is going up, people are traveling, more chase says people are spending more money, putting more money into the market. Even though it's been going down and credit card spending is going up, these are all things that actually indicate no recession, and on top of that consumers, inflation expectations have not changed, which is good, they're anchored, which means good news with the federal reserve not having to Rug, pull us to get rid of unanchored inflation expectations like we had in the 1970s and 80s.