Bloombergreports on the latest Conference Board figures showing that “22.4 percent of consumers said they expect better business conditions in next six months, up from 22.1 percent in October” … that the “share of households who expect incomes to rise in next six months was little changed at 20.1 percent after 20.3 percent” … and that the “share of those who said more jobs will be available in coming months rose to 22.6 percent from 18.7 percent.”

The story goes on: “The jump in the Conference Board’s measure of expectations signals consumers are growing more upbeat about the outlook for economy and job prospects. The improvement in household confidence will help underpin household spending, the biggest part of the economy, this quarter.”

KC's View: Which in part explains all the holiday buying this past weekend.