UMich’s survey of consumers showed sentiment dropped, specifically post-Iran action. Before that the vibe was looking up.

I think this read from Northbeam captures it:

The vibes are in free fall. Conflict with Iran keeps spiraling, gas prices are about to explode, and the US lost 92,000 jobs in February, with more likely to come.

People have a visceral response to the numbers they see on the gas pump, and right now those numbers aren’t causing positive reactions. Shoppers now have less money to spend on discretionary purchases.

The vibecession continues.