Summary: University of Michigan consumer confidence index down noticeably in June, below consensus expectations; views of present conditions, future conditions both deteriorate significantly; comparable to trough in 1980 recession. US consumer confidence started 2020 at an elevated level but, after a few months, surveys began to reflect a growing unease with the global spread of COVID-19 and its reach into the US. Household confidence plunged in April 2020 and then...