As I suggested in this morning's podcast, what we view as a muted market response (thus far) to some seriously negative news on trade speaks to what are (at this juncture) otherwise bullish general conditions.
Here's Bloomberg:
Thursday, May 31, 2018
Stat of the Day: The Consumer's In Good Shape
This morning's release of the Bureau of Economic Analysis's Personal Income and Outlays Report confirms what we've been seeing consistently in our weekly macro analysis; that the U.S. consumer -- who's responsible for 2/3rds of U.S. economic activity -- remains in pretty good shape.
As I suggested in this morning's podcast, what we view as a muted market response (thus far) to some seriously negative news on trade speaks to what are (at this juncture) otherwise bullish general conditions.
Here's Bloomberg:
As I suggested in this morning's podcast, what we view as a muted market response (thus far) to some seriously negative news on trade speaks to what are (at this juncture) otherwise bullish general conditions.
Here's Bloomberg:
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