US Consumer Sentiment and the performance of the S&P 500 year to date.

Currently, US consumer sentiment is at one of its lowest points in years, in fact when looking at the chart below, the index has only been below the current level for an extended period of time on four separate time horizons, two of which were in recessions ………….plus already this week, the S&P 500 hit and pushed past Wall Street’s consensus for the year-end target for 2024. However, the S&P has been aided not just by the Magnificent 7, but by other less well-known companies……

US-Consumer-Sentiment-and-the-perfromance-of-the-SP500-ytd

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