The University of Michigan Consumer sentiment survey which has been published since 1960 is a great barometer that can be utilized to predict recessions, economic recoveries and also secular bull and bear markets. As depicted by the chart below the results from the Michigan survey has predicted all recessions and economic recoveries since it was originally published.
In April of 2018, Consumer Sentiment reached 100.0 for the first time since January of 2001. In July 2018, the reading was 97.8, the third consecutive monthly decline.
Due to our discovery about consumer sentiment being a leading economic and market indicator BullsNBears.com will continue to monitor this economic metric very closely. Its especially since the recent high could prove to be the peak for the current nine-year economic expansion that began in 2009.