I was chatting with my friend Pete Dominick last week, and he asked about consumer sentiment. I tossed out a few reasons why I suspect it has gotten so negative:

1. The past ~20 years have seen a much greater spillover from partisan beliefs into sentiment;

2. This is especially vivid around changes in White House party control;

3. Members of both major parties do this, but it is more intense among those who identify as “right-leaning;”

There was some pushback to this, especially #3. Lucky for me that Matt Winkler did the heavy lifting on this issue yesterday: “Blame Election Deniers for Faltering Consumer Sentiment.” He spared me the dive down that particular rabbit hole, observing:

“With about 70% of Republicans believing incorrectly that Joe Biden lost the 2020 presidential election when he won it by more than seven million votes, it’s no wonder sentiment is similarly skewed against the

Keep reading this article on Barry Ritholtz - The Big Picture.

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