Plenty of things can send consumers into a tizzy… Still, the data shows there’s one thing people hate more than anything… rising prices.
We learned this lesson in 2022, during the worst bout of inflation in decades. Consumer sentiment fell to its lowest level ever – at least, the lowest at the time.
Now, it’s happening again. This time, the culprit is purely energy. Gas prices jumped by more than $1 a gallon in March… one of the fastest climbs in history. And consumer confidence has cratered to a new all-time low.
The good news? This kind of sentiment low has always been a sign to buy stocks.
This post originally appeared at DailyWealth.