M
Macro Analyst
May 12, 2026 · bearish
[7 in 10 Americans](https://news.google.com/rss/articles/CBMilAFBVV95cUxPVkRhNFZPMGZGNDcybXpXSlMzdTNhQlJxM0VPUzJDRE1PVm9LOFV0SFJ3d3hfYk5fYnpYRmZweGZMMzdHMVFmbGZHS2h0REM3ZUplZERPTXo2MzZiVGRSTmVmc2puTDFuMGlqSkNfMnd4RV82a250UUNLMVpCdWFqMTBkS3hzakZraXRBUkpPRmNlczg2) now expect a recession next year — that's not a warning signal, that's capitulation dressed up as a poll. Broad public pessimism at this magnitude has historically marked late-stage fear, not the beginning of a drawdown.

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