February 19, 2024 | Retail sales were below expectations this month.
Why It Matters: The consumer has been the economy’s workhorse. However, beyond this month’s figures, a concerning trend is emerging—a flatlining in spending. This could spell trouble for markets
Source: SoberLook
...December 4, 2023 | Preliminary data indicate spending on Black Friday and Cyber Monday came in strong. Why It Matters: Despite a slight uptick, consumer savings rates have trended downwards since 2nd Quarter 2023.
Lower Savings = More Spending = Economic Boost Source: dailycharbook, Source Financial Advisors
...December 4, 2023 | U.S. Gross Domestic Product (GDP) exceeded expectations, surging +5.3% thanks to robust consumer spending and inventory restocking.
Why It Matters: This underscores the economy’s resilience driven by consumer spending – an indicator of sustained economic dynamism.
Source: SoberLook
May 22 2023 |Sneaker sales have slowed and footwear companies are amassing troves of unsold shoes. Why It Matters: Sky-high sneaker prices were a symbol of consumer extravagance. The slowdown suggests a necessary recalibration from excess, bringing us back down to earth. Source: thedailyshot
...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
...May 22 2023 | U.S. retail sales exceed predictions, as the consumer continues to spend. Why It Matters: The unexpected strength in consumer spending is encouraging. It suggests a potential for delaying the possibility of a recession. Source: thedailyshot
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