🇺🇸⚠️ #macro University of Michigan Consumer Sentiment is near historic lows. The index just hit its 2nd lowest level in history. This survey measures how U.S. consumers feel about: • Personal finances • Inflation • Future economic conditions It’s a leading indicator for consumer spending. When sentiment is this low, it usually means: • Consumers are under financial stress • Inflation expectations remain elevated • Confidence in the economic outlook is deeply damaged • Spending tends to slow down next Historically, such extreme pessimism appears during: • Recessions or pre-recession phases • High inflation / tightening cycles • Periods of elevated macro uncertainty Consumers drive ~70% of the U.S. economy. When confidence collapses, #growth risk rises sharply. Macro conditions remain fragile. #crypto