Peep this chart, bruh:
2 Key Takeaways:
- Consumer confidence at its second-lowest level over the past 12 months implies growing sentiment that the global economy is not healthy.
- Volatility in confidence levels implies consistent uncertainty and a global economy EXTREMELY REACTIVE to macroeconomic news.
With the price of oil influx, the S&P 500 down +10% since the beginning of the year, and geo-political conflicts continuing to escalate: expect much more volatility and overall economic pessimism. We’ll see #2 play out for sure over the next few months.