Consumer Confidence has never been this lousy

When U.S. Consumer Confidence is lousy, buying equities is not just being contrarian but it’s calculated prudence.

On a nominal basis, since 1957, the University of Michigan Consumer Confidence Index has never registered a lower result.

The attached study shows 11 notable moments (over the past 45 years) when this Index has posted a Monthly RSI of below 36.

It also illustrates how stocks can climb higher amidst a wall of worry.

April 13, 2026

rob@karriasset.com.au