Did you know? When consumer sentiment is low, it often correlates with higher expected returns in the equity market! The University of Michigan Consumer Sentiment Indicator was at 70.1 in September 2024, well below the long-term average of 85. Historically, during the 226 months when sentiment was this low, the average equity premium for the next year was 10.6%! Dive into this intriguing correlation and more in my commentary.