You can see why some retailer stocks are not liking the shift from goods back to services.
Retail Therapy at Bars & Restaurants, Cannabis Stores, and Ecommerce? Other retailers not so lucky.
In details and charts.
But the first upticks in delinquencies from breath-taking record lows are cropping up.
Credit card balances up 3.0% from 2019, CPI inflation up 13%, LOL. Auto sales plunged, but auto loans jumped. You guessed it, ridiculous price increases.
There is still a huge amount of money floating around out there.
Inventories are slowly recovering, but remain below where they should be.
It’s rough out there in multiple ways.
If it continues, “we expect to see an even greater cooling of the housing market than previously forecast”: Fannie Mae.
Consumer spending and asset prices both were boosted by them.