AFMC - Weekly Market Pulse: Is Perception Reality?
2024-05-28 04:00:00 ET
Summary
- A recent poll conducted by Harris and the UK news outlet The Guardian produced some interesting results.
- The reporting on this has been mostly political because the poll also found that 58% blame the Biden administration for the current state of the economy.
- Energy was down even more than REITs last week, although the YTD and 1-year returns are very respectable.
A recent poll conducted by Harris and the UK news outlet The Guardian produced some interesting results. Of those polled:
- 56% believe the US economy is in recession
- 49% believe the S&P 500 is down for the year
- 49% believe the unemployment rate is at a 50-year high
- 72% think inflation is increasing