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But we saved everything 🙂.
The U.S. S&P index has reached a new all-time high even though consumer sentiment is at a 50-year low, according to Lawrence Lepard. He points out that more consumers now feel worse off compared to a year ago, marking a record high for this measure.
Lepard suggests that this disconnect shows the money system is profoundly broken.
Lepard has highlighted notable shifts in other markets this year. In March, he reported that the Citadel Global Fixed Income Fund fell 8.2 percent for the month. He also observed that the BofA MOVE index was nearing prior volatility highs. These developments come as investors weigh contrasting signals across asset classes.