According to The Kobeissi Letter, US consumer sentiment has plummeted to levels not seen since the 2008 financial crisis, dropping approximately 20 points to 57 over the last month. This decline is significant as it reflects heightened pessimism typically associated with economic crises or recessions, indicating that an economic slowdown is underway.

According to The Kobeissi Letter, the index of US consumers’ unemployment expectations for the next 12 months has plummeted to approximately 50 points, marking the lowest level since 2008. This metric has experienced a sharp decline of about 45% over the past three months, indicating growing pessimism about the job market among Americans.