Consumer Sentiment just hit the lowest point in 52 years, since the survey* began.
Anyone taking heart that forward p/e ratios now look less insane needs to consider that the denominator is very questionable. Highly, highly questionable.
*University of Michigan survey, apologies for sullying the board with it.
Link: https://twitter.com/TeddyVallee/status/1535260839816601600?t=lMmMRF4ZAHZdRFrJZTraIQ&s=19
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