🇺🇸 *Consumer sentiment in the U.S. has reached a 'crisis level', according to The Kobeissi Letter.

The Consumer Confidence Index fell to 86 in April, the lowest level since May 2020.

Pessimism about economic growth has spread across all age and income groups, with people beginning to save money, fearing unemployment and a potential crisis.

Expectations about the state of the economy in the next six months dropped to 54, the worst result since October 2011.

A value below 80 generally signals an imminent recession.

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