Consumer sentiment further imploded in the latest survey.
Compliments of panic buying:https://t.co/8GjOzEM5p2
"Rising prices for homes, vehicles, and durables were reported more frequently than any other time in more than half a century" pic.twitter.com/yNeIhInEOP
— Mac10 (@SuburbanDrone) November 12, 2021
“Stress Test” 🧨
Bloomberg pic.twitter.com/Z2B4MBSzRu
— Alessio (@AlessioTMAD) November 12, 2021
The last two monthly readings now have the lowest car buyer sentiment readings in over 40 years of data. Meanwhile, the U.S. auto sector is record overbought and overvalued.
To bulls it all makes perfect sense. https://t.co/JVQ8MVjNB4 pic.twitter.com/j4Ykvnjsb1
— Mac10 (@SuburbanDrone) November 12, 2021
Wall Street Reaches Record Highs As Main Street Sentiment Hits 11-Year-Lows https://t.co/waqSrnurhp
— zerohedge (@zerohedge) November 12, 2021
"There's a shortage of cars, so you better buy two before we run out of them. Prices can only go higher"
"This is a known supply chain problem" pic.twitter.com/4WnvOpjGjL
— Mac10 (@SuburbanDrone) November 12, 2021
