Consumer sentiment is now at a record low going back 50 years. Corporate profiteering at a record high. Bank of America Warns that the Summer of Hell is Coming

US Consumer Sentiment Index is at the lowest ever recorded since they started collecting data in 1952

Consumer sentiment is now at a record low going back 50 years.

Corporate profiteering at a record high.

Investors expect a soft landing. pic.twitter.com/mDj8SU3wLu

— Mac10 (@SuburbanDrone) June 12, 2022

Based on consumer sentiment this market is the most expensive in history.

A stock market crash will likely follow this massive divergence. pic.twitter.com/VVx8uBtAQ7

— HOZ (@MFHoz) June 11, 2022

Recession maybe. But without any rocket emojis I can’t be sure.

US Consumer Sentiment at levels that usually means recession. pic.twitter.com/DN1zCtUlTI

— Jim Lewis 💰⚒💰 (@Galactic_Trader) June 12, 2022

The chart of the week.

It’s too late now.

The damage is done. pic.twitter.com/h4nhgzbE8H

— Mac10 (@SuburbanDrone) June 10, 2022

If you thought last week was crazy, this week we have:

1. May PPI report

2. Core retail sales data

3. Fed interest rate decision/meeting

4. Key housing market data

5. Fed Chair Jerome Powell talks twice

6. More retail earnings

Tons of OPPORTUNITY, how are you capturing it?

— The Kobeissi Letter (@KobeissiLetter) June 12, 2022