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Consumer confidence has fallen to its lowest level since 2014, according to the Conference Board's monthly consumer confidence survey.
Those surveyed were worried about the present and the future, with write-in responses mentioning high oil and gas prices.
Consumer confidence just hit its worst level in over a decade, yet the stocks that depend on American shoppers are barely flinching. Understanding why that calm exists, and how long it can last, matters far more than the headline number.