Bitcoin

This reflects a dangerous feedback loop: voter distress over inflation becomes political capital for fiscal stimulus demands (e.g., gas tax holidays), risking renewed inflation if implemented. Historically, such episodes preceded 1980s-style 'last mile' rate hikes that crushed asset valuations before markets stabilized. The 12 Fear & Greed reading suggests we're in the capitulation phase of this cycle.

Swing voters report high gas prices are impacting their personal finances and political calculations.