Animal Spirits Index, Measuring Confidence, Hope, Fear, and Pessimism Turns Negative in March Amid Rising Trade Uncertainty

The Animal Spirits Index (ASI) in the United States slipped back into negative territory in March 2025, reaching -0.34, according to the latest report from Wells Fargo Economics. This marks the first time the index has fallen below zero since October 2023, signaling a shift in market and consumer sentiment following months of cautious optimism. […]