Real GDP & Real Private GDP

Sentiment Snapshot: Fundamental Fear

In this article we explore how starkly sentiment has shifted on the fundamentals outlook.  From the heights of euphoria at the beginning of last year, there now seems to be a deepening sense of fear on the fundamentals outlook.  Bears will say it's the end of the cycle and this is exactly to be expected, and bulls will say it's just a passing growth scare and investors have gone overboard in the swing from euphoria to dysphoria.

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