Early Update – Geopolitical Risk Sends Stocks and Bonds Lower

11:16 a.m. ET The August Consumer Confidence reading was 103.2 (consensus 97.4) after the prior revised reading of 95.3 (from 95.7). This is the highest print since April. Both the present situation confidence (up to 145.4 vs. 139.7 last month), and consumer confidence expectations (up to 75.1 vs. 65.6 last month) rebounded. Inflation expectations tumbled,…