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Consumer sentiment has declined to depressed levels even as the market is at all-time highs. Yuriy Matso points to the uniqueness of this trend, contrasting it with previous periods such as 2009, 2010, and 2022, when low consumer sentiment aligned with weaker market performance.
This divergence highlights the unusual nature of the current cycle, with strong markets persisting amid weak consumer confidence.
Matso has recently examined the lower lows pattern on the NQ_F 1-hour chart, suggesting it could point to future market direction. In a separate review, he noted that the market appeared oversold, yet prices continued to decline, raising doubts about a bullish reversal at the time. These earlier assessments focused on technical signals even as broader sentiment remained weak.