According to The Kobeissi Letter, US consumer inflation expectations have reached their highest level since 1993, while consumer confidence has significantly declined. This scenario suggests that consumers are unprepared for any further inflationary pressures and already perceive the economy as being in a recession, which may impact consumer spending and market stability.

According to The Kobeissi Letter, US consumer inflation expectations have reached their highest level since 1993, while consumer confidence has significantly decreased. This suggests potential challenges for the US economy that traders should consider, as consumers believe they are already in a recession. These factors could influence market volatility and affect asset prices in the near term.