A sharp drop in U.S. consumer confidence to 94.2 in September, the lowest since April, has sparked concerns about future spending. Pessimism about inflation and job market weakness are contributing factors. Stocks, especially in discretionary spending sectors, like online retail and travel, took a hit. The Expectations Index remains below a key threshold, worrying investors about a potential recession. One impacted stock is Etsy (ETSY), which saw a recent surge due to a partnership with OpenAI for an “Instant Checkout” feature. Despite a recent sell-off, investors are optimistic about growth potential. Etsy is up 24.5% YTD.

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