No. of Recommendations: 2
newyorkfed.org: Short- and Medium-Term Inflation Expectations Increase, Gas Price Growth Expectations FallThe Federal Reserve Bank of New York’s Center for Microeconomic Data today released the June 2026 Survey of Consumer Expectations, which shows that households’ inflation expectations increased at the short- and medium-term horizons and were unchanged at the longer-term horizon.
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The mean perceived probability that U.S. stock prices will be higher 12 months from now increased by 2.9 percentage points to 40.9%, the highest level of the series since April 2021.AAII Investor Sentiment Survey:
aaii.com: AAII Investor Sentiment Survey7/1/2026
Bullish 31.4%
Neutral 26.4%
Bearish 42.3%
6/10/2026
Bullish 30.4%
Neutral 22.0%
Bearish 47.7%
My answer would be neutral - who the heck can know?
The survey trend is less bearish. I wonder if it's time for Mr. Buffett to write another opinion piece, and I don't mean "Buy America, I am".
It would be nice to hear his thoughts on market valuation, if he has any.
Just for fun: Shiller PE Ratio:
multpl.com - Shiller peCurrent Shiller PE Ratio: 41.97
Max: 44.19 (Dec 1999)
