Story perspectives

Stock Market Soars Amid Consumer Pessimism and Affordability Crisis

2/11/2026

Summary

Story summary

The stock market maintains high valuations while consumer sentiment remains near record lows, signaling a disconnect attributed to affordability issues.
Housing costs drive pessimism, with mortgage rates above 6% and prices rising more sharply than wages.
A stagnant job market limits opportunities, leaving many consumers feeling excluded.
The vibecession could impact the economy and the upcoming midterm elections, since affordability concerns were pivotal in the 2024 elections.

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Story summary

The stock market maintains high valuations while consumer sentiment remains near record lows, signaling a disconnect attributed to affordability issues.
Housing costs drive pessimism, with mortgage rates above 6% and prices rising more sharply than wages.
A stagnant job market limits opportunities, leaving many consumers feeling excluded.
The vibecession could impact the economy and the upcoming midterm elections, since affordability concerns were pivotal in the 2024 elections.