Conference Board shows largest ever plunge in stock expectations, which is a contrarian buy signal 3M and 6M forward.  Further strengthens case for a V-shaped rally

VIDEO: Conf board shows a plunge in consumer expectations for stock prices, the worst in 40 years and our work shows this is a contrarian buy signal. And we see plenty of cash on the sidelines to further fuel upside.

Please click below to view our Macro Minute (duration: 5:28).

Today’s macro data, particularly the Conference Board Consumer Confidence survey, provided notable insights:

Headline number met expectations, but...

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