Consumer Sentiment Plunges to Lowest Level in 50+ Years
byu/meifx inStockMarket
Consumer sentiment plunged to 47.6 which was is all time low. Inflation expectations came in at 4.8% which is a point higher than March.
Sentiment was down 10% from March. I can’t wait to see the April economic numbers.
If I had to guess we are plunging into a recession. pic.twitter.com/j6PVS7kszb
— QE Infinity (@StealthQE4) April 10, 2026
BREAKING: The UMich Consumer Sentiment index officials falls to a record low of 47.6 for the month of April amid the Iran War.
Not even March 2020 or 2008 saw consumer sentiment levels remotely near as low as they are right now. pic.twitter.com/sGAqhAJxXJ
— The Kobeissi Letter (@KobeissiLetter) April 10, 2026
U.S. oil climbs above $100 as U.S.-Iran ceasefire fails to boost tanker traffic via Strait of Hormuz
Oil prices dipped slightly on Friday amid persistent tensions around the Strait of Hormuz, with the vital shipping lane still largely closed despite a ceasefire deal between the U.S. and Iran.
U.S. West Texas Intermediate crude futures for May delivery traded 0.4% lower to $97.50 per barrel after passing $100 earlier in the session. International benchmark Brent crude futures for June delivery fell 0.5% to $95.47 per barrel.
President Donald Trump on Thursday warned Iran to “stop now” if it was charging tankers to transit the strait, a move that risks undermining a two-week ceasefire agreement that was contingent on reopening the waterway.
BREAKING: US gas prices officially post their largest monthly jump in CPI inflation data since 1967.
— The Kobeissi Letter (@KobeissiLetter) April 10, 2026
MAR U.S. 🇺🇸 INFLATION DATA:
– CPI 3.3% YoY, (Est. 3.4%)
– CPI 0.9% MoM, (Est. 0.9%)
– Core CPI 2.6% YoY, (Est. 2.7%)
– Core CPI 0.2% MoM, (Est. 0.3%)