Conference Board measure of US consumer sentiment fell from a revised 118.8 to 86.9. This fall was exceeded only once before: in 1973 during the oil crisis. Three reasons why markets have shrugged off the data: Expected by some, and/or Deemed irrelevant for those who "look through" the economic hit, and/or Reinforces the notion of the Fed Put. #markets #economy #stocks #bonds #investing #fed #federalreserve …see more