Pessimism Is Popular, But Optimism Is More Profitable
For weekend reading, Gary Alexander, senior writer at Navellier & Associates, offers the following commentary: The Conference Board – those folks that said a recession was “99% certain” this year – just reported that their June Consumer Confidence survey turned positive for the first time since January of 2022. That 17-month run of negative sentiment was the second longest streak since 1987, trailing only the 18-month run from November 2007 to April 2009. That’s a sad statistic, since that means investors were downbeat during the first nine months of 2022 (understandable), but also during the ...