Hello fellow rebel capitals hope you're doing well you know it's not doing well consumer confidence

it absolutely plunged in the most recent report and on this channel we've been trying to reconcile

what is going on with the u.s economy because you look at nominal GDP real GDP you're like wow it's running on all eight cylinders and fuego baby economy because you look at nominal GDP, real GDP, you're like, wow, it's running on all eight cylinders.

In fuego, baby. And then you look at the labor market, like, whoa, negative, non-farm payrolls.

That's in the no-boino zone. So which one is right? Well, it seems like this could have just changed everything,

meaning that it really tilts things

in the direction of the labor market versus real GDP. Let's get into the data, and I'll show you

what I'm referring to. Josh is MIA, probably swiping on Tinder or maybe Grindr, you decide.

So I've got to run the action here all by myself.

Switch it up, do a screen share, and we go over to the conference board.

Here we go.

The conference board, the latest press release.

Now look at this chart. The starting point here is kind of an index. They index it from

100. And look at this. Boom. Plummit. We are at the lowest level in consumer confidence. And I know a lot

of you're saying, oh, it's all about the Democrats, the Democrats.

Yeah, I get it.

This is politically skewed.

But when you look at the trend for the Republicans,

it's doing the exact same thing.

It's just from a higher point.

So in aggregate total,

the punchline is the consumer confidence index has gone down to its lowest point in 11 years.

...