Bubble watch: Biggest jump in California confidence in 18 months

Bubble Watch” digs into trends that may indicate economic and/or housing market troubles ahead.

Buzz: California consumers’ optimism dramatically turned upbeat with the largest one-month bump since February 2021, according to one poll.

Source: My trusty spreadsheet analyzed The Conference Board’s monthly polling of shoppers that creates consumer confidence indexes, including one for California.

The Trend

After falling in six of 2022’s first seven months, the overall statewide confidence index was 109.8 in August, up from a revised 89.8 a month earlier.

That’s a 22% one-month gain and the largest jump in 18 months. The surprising summertime strength of the job market seems to be boosting spirits that

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