If you own stocks, feeling good, if not, not so much. Lower inflation helping too.

The initial July UoM consumer confidence index jumped to 72.6 from 64.4 and that was much better than the estimate of 65.5. It’s also the highest since September 2021 but still well below the February 2020 print of 101. Both Current Condition and Expectation components were higher m/o/m. After falling from 4.2% to 3.3%, one yr inflation expectations tic…