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Aug 07 2025

The Confidence Gap Persists

  • Aug 7, 2025

The market lacks the traditional bubble feel because investor giddiness is simply not shared by consumers—which is markedly different that of the late 1990s. There is a huge disparity between confidence about stock price gains vs. expectations for consumers’ near-term economic well being—a gap that did not exist during the Tech Bubble.

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About The Author

Doug Ramsey / Chief Investment Officer & Portfolio Manager