A recent analysis by The Kobeissi Letter, based on data from BlockBeats, reveals that U.S. consumer confidence has reached a critical low point. In April, the consumer confidence index plummeted 8 points to reach just 86, marking the weakest level since May 2020 and continuing a downward trend for the fifth consecutive month. This decline impacts consumers across all age groups and income brackets. Furthermore, expectations for the next six months have fallen by an alarming 13 points, reaching 54 – the lowest level since October 2011. According to Conference Board data, readings below 80 are often seen as a warning sign of an impending economic recession. The current pessimism surrounding the American economy is unprecedented.