US Consumer Stock Price Optimism Hits Highest Since April 2021
The perceived probability among US consumers that stock prices will be higher in a year rose to 40.9% in June, the highest since April 2021 and third-highest since the pandemic recovery.
US consumers are growing increasingly bullish on equities, according to the latest survey data. The perceived probability that stock prices will be higher one year from now rose 2.9 percentage points in June to 40.9%, the highest reading since April 2021. This marks the third-highest level since the 2020 pandemic recovery.
By age, consumers under 40 are the most optimistic at 43.1%, the highest since May 2021. Those aged 40–59 and over 59 both stood at 40.2%, the highest readings this year.
By income, the perceived probability of higher stock prices surged to 48.3% among those earning over $100,000—the highest since January 2025. For those earning $50,000–$100,000, it was 38.6%, while those under $50,000 came in at 33.6%. Both lower-income groups remain in line with their two-year averages.
The data indicates that high-income American consumers are historically bullish on equities.
Source: The Kobeissi Letter