Retails sales after inflation are sinking (see graph, click on chart to enlarge). Consumers are cutting spending in response to higher unemployment and the disarray in the housing market.
The weakness of the economy is good news for some asset classes (some bonds are particularly attractive) and bad news news for others (cyclical stocks striving in a strong economy).
More, much more when you read older posts and subscribe to The Peter Dag Portfolio by going to https://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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