Silvia Insights · September 29, 2026
Since 1980, Sub-60 Sentiment Has Preceded Higher S&P 500 Returns
Michigan sentiment is 48.1 after a record low in May and the Conference Board index fell to 81.9, yet the S&P 500 sits 1.5% below its record close. Sub-60 readings since 1980 preceded higher average returns, but the sample is thin.