Food is the exception and pricing levels “continue to be a concern”: Walmart CEO. Sky-high food prices rose further.
Home buyers “seize a dip in rates” and rush into the housing market, LOL?
This is the kind of chart my pantheon of Imploded Stocks is full of, driven by what I call “consensual hallucination” that then vanished.
Consumers still on a buying binge at retailers, fired up by big income increases that this year outran goods-inflation by a wide margin.
While fewer and fewer Americans head to the malls.
They spent a record amount more at bars & restaurants than at food & beverage stores, which tells us something about our drunken sailors.
CRE debt keeps on giving. Retail CMBS have been a bloodbath for years. Thankfully, banks largely not on the hook.
They partied most at Restaurants & Bars, and at ecommerce retailers. If I hear one more time consumers are “tapped out,” I’m going to scream.
But the 26% plunge in gasoline prices hit gas stations. The pandemic home-remodeling & furnishing boom is over. Ecommerce keeps killing department stores.
But ecommerce sales continue to soar, despite price drops.