December 18, 2023 | Recreation Vehicle (RV) sales are nosediving, with recent drops surpassing those seen in prior recessions.
Why It Matters: As a discretionary big-ticket item, RVs can be economic canaries in the coal mine. A downturn may signal a broader economic slowdown.
Source: dailychartbook
...May 22 2023 | In a surprise twist, home builder optimism improved this week. Why It Matters: One month doesn’t make a trend, but this could signal a reversal from the recent slump, and could have significant implications for the economy and overall consumer spending. Source: thedailyshot
...October 10, 2022 | The U.S. consumer’s savings rate continues to trend at some of the lowest levels seen in the past decade. The U.S. consumer is continuing to spend in the face of global headwinds.Lower Savings Rate = More Spending = Stronger Economy in the near-term. Source: thedailyshot
...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
...July 29, 2022 | EU consumer sentiment reached the lows last seen in ’08 as worries of impending recession spreads. This will cause ripples and fan the flames of an already weak Chinese economy who have come to rely on the EU as a driver of growth. Source: Alpine, Statista, @thedailyshot
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