According to online reports, according to analysis by The Kobeissi Letter, the latest survey from the University of Michigan shows that American consumers are pessimistic about the stock market to a record high. A record 12% of Americans believe that the stock market has no chance of rising in the next 12 months. This proportion has tripled in the past two months, surpassing the peak levels at the bottom of the market in 2022, 2009 and 2022. At the same time, 44.5% of consumers expect the stock market to fall in the next year, the highest level since 2022 and the second highest level in 14 years. Market sentiment is rarely extremely pessimistic. Analysts pointed out that the sharp decline in consumer confidence is related to multiple factors such as recession concerns, inflationary pressures and unstable trade relations. This pessimism may cause investors to withdraw funds from the stock market, weaken market liquidity, and shift funds to defensive sectors or cash holdings, further exacerbating market volatility.