Charts, Bruh: Consumer Confidence

Peep this chart, bruh:

Consumer Confidence

Courtesy Joe Weisenthal

2 Key Takeaways:

  1. Consumer confidence at its second-lowest level over the past 12 months implies growing sentiment that the global economy is not healthy.
  2. 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.

Buckle up folks, this could be a bumpy ride.

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