The Most Hated V-Shaped Rally Is Back As S&P 500 Hits New Highs

U.S. consumer sentiment hit a record low this month, falling below prior recession-era troughs in 2022, 2020, 2008, 2001, and the 1970s oil crisis. The reading signals a sharply more pessimistic consumer backdrop, which raises downside risk for spending-sensitive sectors and broad market growth expectations.

Analysis

U.S. consumer sentiment hit a record low this month, falling below prior recession-era troughs in 2022, 2020, 2008, 2001, and the 1970s oil crisis. The reading signals a sharply more pessimistic consumer backdrop, which raises downside risk for spending-sensitive sectors and broad market growth expectations.