by Calculated Risk on 1/18/2019 02:38:00 PM

From the University of Michigan: Preliminary Results for January 2019

Consumer sentiment declined in early January to its lowest level since Trump was elected. The decline was primarily focused on prospects for the domestic economy, with the year-ahead outlook for the national economy judged the worst since mid 2014. The loss was due to a host of issues including the partial government shutdown, the impact of tariffs, instabilities in financial markets, the global slowdown, and the lack of clarity about monetary policies.
emphasis added

CR Note: Sentiment is a coincident indicator.