Consumer Confidence Plunges To 4-Year Low As Recession Anxiety Resurfaces
1. Conference Board’s expectations index hits 12-year low of 65.2. 2. Consumer confidence index at 92.9, below economist forecasts. 3. Two-thirds of Americans foresee a recession within a year. 4. S&P 500 has risen almost 5% since mid-March despite recession fears. 5. Growth stocks like Nvidia and Tesla are leading the market recovery.