The Opposite of Confidence

The opposite of confidence is vulnerability, when we feel like things are uncertain and we feel powerless. And so i think what you're seeing is a lot of vulnerability being expressed in the consumer sentiment numbers. After the 20 twenthy election, you could see where republican economic confidence fell dramatically, while democrats confidence improve. So i think we need to recognize that these measures are picking up much more than just how we feel about the economy. It's really how how vulnerable or confident we feel more broadly.