#USConsumerConfidence The index has fallen, there is panic in the news. And for no reason. This is predictable and nothing terrible is happening there.

Firstly, this is only in the USA.

Secondly, they have a new president. Trump defeated his competitor in the elections by a narrow margin. The results were 49.91% and 48.43%. Half of the voters did not want to see Trump as president - it's clear that now they are feeling pessimistic.

Consumer confidence index is also known as the consumer optimism index for a reason. It measures how buyers perceive the present time as suitable for major purchases/investments.