ChainThink Finance report, according to analysis by The Kobeissi Letter, US consumer expectations for the economy have dropped to crisis levels: the consumer confidence index fell by 8 points, dropping to 86 points in April, the weakest level since May 2020. This also marks the fifth consecutive month of decline, with a drop in confidence prevalent across all age groups and most income groups. Concerningly, consumer expectations for the next six months fell by 13 points, dropping to 54 points, the lowest level since October 2011. According to the Conference Board of the United States, readings below 80 typically signal an upcoming economic recession. Americans' pessimism about the future of the economy is unprecedented.