August 5, 2022 | Seeing a noticeable divergence in sentiment between US high income earners and their middle and low-end peers. High incomer earners account for ~40% of all spending. Something to watch: A further deterioration by this crucial group could mean storm clouds ahead. Source: Morgan Stanley

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August 5, 2022 | US consumers withdraw from savings, pushing the savings rate lower. Consumers depleting their savings is not good in the long-term, but in the near and medium term this will have a positive effect on corporate profits. Less Savings = More Spending = Higher profits. Source: @thedailyshot

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August 5, 2022 | I The Bank of England raised interest rates by 0.50%, their most aggressive move against rising inflation. More importantly the BOE is now publicly forecasting a recession Trouble ahead for the EU. Source:
@thedailyshot

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August 5, 2022 | Investors typically use labor markets to confirm what has already been suspected… Going straight to the horse’s mouth sometimes helps to get a jump on labor market data …and things don’t look good. Source: NFIB Survey

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With Patrick Huang – Director of Investments + Wealth Management for Source Financial Advisors and Michelle Smith – CEO, CDFA™ Source Financial Advisors, and founder of Wife2CFO.

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Bonds and The Federal Reserve – Part Twowith Michelle Smith – CEO, CDFA™ Source Financial Advisors, and founder of Wife2CFO.

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