When talking markets, many times we hear about the U.S. Consumer Confidence Index (CCI). The survey measures how optimistic or pessimistic consumers are regarding their expected financial situation. And according to Mark Oppold, that index continues to erode.
The CCI is based on the premise that if consumers are optimistic, they will spend more and stimulate the economy. But, if they are pessimistic, then their spending patterns could lead to an economic slowdown or a possible recession.