CHART OF THE DAY: Definitely A "Super V"

Looking at yesterday’s US Consumer Confidence data, I think Pump nailed it. It’s definitely an inverted V. The data doesn’t lie, Larry Kudlow does. As you can see in today’s Chart of The Day:

1. US Consumer Confidence #slowed from a downwardly revised 91.7 in JUL to a new CYCLE LOW of 84.8 in AUG
2. To put that in context, the Cycle High was AUG of LAST YEAR at 134.2… and
3. The new Cycle Low of 84.8 is LOWER than the APR 2020 low of 85.7

Yes, going ALL CAPS on that, again, because it is truly and non-tremendously and Inverted Super V.