The Conference Board’s consumer confidence index fell to its lowest level in six months in September, signaling a reduction in consumer spending in the United States. In my opinion, this is largely due to the completion of Joe Baden’s anti-crisis program, under which certain categories of unemployed were paid good unemployment benefits and they could not work until the fall, earning about the same, and sometimes more than they earned in their jobs.

Against this background, we saw positive consumer confidence releases that were fascinated by Joe Biden. But autumn came, and the free lunches ended, working days began and apparently not everyone liked them. It is not logical to say that Americans are afraid of the coronavirus, inasmuch as about 55% of the adult population is fully vaccinated against COVID-19, and in three weeks this figure will be 64%.

Trading recommendation: Buy 1.3520/1.3495 and take profit 1.3650.