Per May ⁦@UMich⁩ update, 1y inflation expectations (blue) up to 3.5% vs. 3.2% prior; 5-10y expectations (orange) up to 3.1% vs. 3% prior pic.twitter.com/YC7EOlxu5R

GOLDMAN: “.. this month’s decline in sentiment was broad based—with decreases across age, income, and education groups—and particularly steep in western states. .. consumers ‘expressed worries that inflation, unemployment and interest rates may all be moving in an unfavorable… pic.twitter.com/cjj7SOSLQ0

CFRA: Ups $SPX 12-month target to 5,610 from 5,250. ".. an 8.2% price appreciation potential .. associated with traditionally encouraging election year returns and the benefits of a soon-to-be-initiated rate-easing cycle .." [Stovall]

Per Bloomberg, “US Consumer Sentiment Slumps as Inflation Expectations Rise” (details below). Add that to other indicators of the slight stagflationary wind blowing through the economy. #economy #growth #inflation #econtwitter pic.twitter.com/BjvuGjeFlp