Thursday, February 6, 2020

Charts of the Day: Peak Optimism?

According to Gallup, Americans feel better today about their finances than they have in over 40 years! Well, ironically, per the history of that survey (see below), and what we've been preaching herein, that's troubling.

The previous peaks were closely followed by 20%, 50% and 57% declines in stocks (S&P 500 Index) respectively:

Click to enlarge:

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