Here comes consumer confidence ...

The University of Michigan will release the results of its semimonthly survey of consumer sentiment at 10 a.m. ET.

Its preliminary index of consumer confidence is forecast to improve to 94.5 from 93.8, according to Bloomberg.

Consumer confidence jumped after the presidential election, as people were relieved that the whole process was over.

The improved optimism was widespread - across all income and age subgroups across the country. However, it may have been exaggerated by the sense of relief that the election was history.

It was in line with other surveys of confidence among consumers, investors, and CEOs that improved after the election.

More to come ...