U.S. consumer confidence plummeted to a historic low in June 2026, with the University of Michigan's sentiment index hitting 44.8, its lowest reading since 1952. Despite this decline, analysts project 2026 IPO proceeds to reach $200 billion, surpassing the 1999-2000 dot-com peaks. Concurrently, major tech firms announced massive capital raises, including $84.75 billion by Alphabet and significant multi-billion dollar rounds by Meta.
