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Rebel Capitalist News
Consumer Confidence Plummets, New Home Prices Fall, Nvidia Biggest Loss In History
Jan 29, 2025
Consumer confidence is taking a nosedive, raising alarms for the U.S. economy. The plummeting job outlook is affecting the housing market, with new home prices and builder challenges in the spotlight. Meanwhile, Nvidia's massive losses are stirring concerns about market volatility and the potential for a bear market. As few stocks dominate the market, the risks of economic dependency are highlighted, particularly in light of ongoing tariff negotiations impacting the average American.
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- Consumer confidence has plummeted, indicating economic pessimism due to declining job availability and income expectations.
- New home prices are falling significantly as builders offer discounts amidst high mortgage rates, revealing a divided housing market.
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Decline in Consumer Confidence
Consumer confidence has significantly declined, falling from a high of 112 in November to 104 in January, indicating a potential economic downturn. This decrease is attributed to sentiments about job availability and income expectations, with many respondents reporting it has become harder to find work. Additionally, the share of individuals expecting income increases has also dropped, suggesting a trend toward economic pessimism. This loss of optimism is particularly concerning as it could reflect broader issues in the job market rather than just political policies.
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