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US consumer confidence figures push markets lower

A surprise drop in US consumer confidence figures saw the US stock market fall by 0.5% today at a time when many believed the market was on the verge of another rally. While the fall today may seem insignificant in the overall picture, there is a feeling that perhaps some investors in the US have "got ahead of themselves" with regards to the US economy and a potential recovery in the short term.

If this trend continues over the next few days there is no doubt that worldwide stock markets will suffer and the UK will at some point come under pressure. Only a couple of weeks ago it seemed that the vast majority of analysts expected the worldwide economy to recover and individual stock markets to rally in the short to medium term. However, there is now a feeling that perhaps the recovery in the US market and the UK market is a little more fragile than many people had expected and we may experience significant volatility along the way.

If you look at the stock market as a barometer of investor confidence in the future then any fallback in the short to medium term could set alarm bells ringing again.

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