Consumer Sentiment crashes, highest inflation expectations in 30 years... stocks tumble

Consumer sentiment falls another 10%. Technically, 10.5%.

Consumer sentiment drops in March to 57.9, according to University of Michigan survey, worse than expected

 

So we can add consumers to the list of things to blame.

 

Disastrous.

 

Some notes

 

Welp, only took 2 months of Felon 2.0 for a major investment bank to state that $14 trillion on US assets are at risk due to loss of leadership and "fading exceptionalism."

Yuge winning, amirite ?

"UBS warns $14tn in U.S. assets is at risk amid fading exceptionalism"

https://www.investing.com/news/stoc...is-at-risk-amid-fading-exceptionalism-3929360


The bank cited multiple factors, including challenges to U.S. tech and AI leadership from China, diminished growth expectations due to tariff uncertainty and fiscal tightening, and renewed European economic momentum.

“All of these developments arguably challenge US asset overweights that had been built up during more than a decade of US growth and asset return outperformance,” UBS wrote.

This shift could lead to “asset unwinds and USD sales of significant magnitudes.”