The latest data from University of Michigan is a bloodbath...

The preliminary University of Michigan consumer sentiment survey for April fell to 71.0 vs. 89.1 prior month, largest monthly decline on record

Current economic conditions index fell to 72.4 vs. 103.7 last month; 31.3-point drop nearly double prior record decline of 16.6 points set in Oct. 2008

Expectations index fell to 70.0 vs. 79.7 last month