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
...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
...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
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
...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
...July 29, 2022 | Yet another sign of the housing market slowing: Boise, one of America’s Hottest “Zoomtowns” is seeing its housing market stop. “61% of listings had a price cut in June.” – WSJ. Changes like these reinforce the notion the housing market has already flipped.
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