University of Michigan Consumer Sentiment Sinks Toward 45, Near Survey Lows, as Fund Managers Go Most...

University of Michigan consumer sentiment has sunk toward 45, near the lowest in the survey's history, below levels seen in 2008 and 2020.
Meanwhile, fund managers have gone the most overweight tech since the summer of 2020, with cash levels down to 3.9%.
According to the author, when Main Street feels this bad and Wall Street feels this good, one of them is wrong, and the gap usually closes toward the mood on the ground.