US consumers are getting even more pessimistic about the stock market:
A record 12% of Americans see no chance that stocks will increase over the next 12 months, according to a UMich survey.
This percentage has tripled over the last 2 months.
It has also surpassed previous peaks seen near 2022, 2009, and 2022 market bottoms.
Furthermore, 44.5% of consumers expect stocks to decline over the next 12 months, the highest share since 2022 and the second-highest in 14 years.
Market sentiment has rarely been more pessimistic.
US consumers are getting even more pessimistic about the stock market:
A record 12% of Americans see no chance that stocks will increase over the next 12 months, according to a UMich survey.
This percentage has tripled over the last 2 months.
It has also surpassed previous… pic.twitter.com/dF8WZmpFmW
— The Kobeissi Letter (@KobeissiLetter) April 28, 2025
"Gen Zers are so terrified of a recession that they’re ditching doom spending, ordering Happy Meals, and using ChatGPT for free therapy," per FORTUNE pic.twitter.com/2yjC42rn3O
— unusual_whales (@unusual_whales) April 28, 2025
“As they outlined cost-cutting measures on earnings conference calls in recent days, many chief executives used language that boils down to a corporate version of the Serenity Prayer.” 👇🏼 pic.twitter.com/wxoa7eDesN
— Kalani o Māui (@MauiBoyMacro) April 28, 2025
Trump claims we will raise so much money from tariffs that he'll eliminate income taxes for people earning under $200K. But if we raise that much money from tariffs it's because we're not bringing manufacturing back and Americans are paying higher prices for the imports they buy.
— Peter Schiff (@PeterSchiff) April 28, 2025
The financial markets are starting to resemble the 1930s Smoot-Hawley tariff era.
WE'VE SEEN THIS MOVIE BEFORE.
If the markets do not change, we're in for a lot of trouble. pic.twitter.com/IR0gYMJJXC
— Steve Hanke (@steve_hanke) April 27, 2025