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Data: The US Consumer Confidence Index falls to its second-lowest historical level, increasing the risk of recession.
On November 8, KobeissiLetter released a market analysis indicating that the U.S. Consumer Confidence Index has fallen to its second lowest historical level, currently below the 2008 low. Inflation expectations are worsening, the U.S. economy is beginning to rise at a slower pace, and the risk of recession is increasing.