Consumer
Credit Card Debt Decelerates In August…
KOF Decouples From Other Global Growth Indicators…
Bleak Canada Outlook Despite Improving September Data…
Fade The Real Estate Rally…
US Durable Goods Stagnate In August…
The Eurozone’s Bright Spots…
Easier Financial Conditions Won’t Prevent Labor Demand Deterioration…
After resisting the consensus narrative in 2022 that a US recession was imminent, and then predicting an immaculate disinflation for 2023, the Global Investment Strategy team has joined the dark side and is now expecting a recession to start in the US within the next six months. Accordingly, we recommend that investors underweight stocks and overweight government bonds.
Consumer Income And Spending Consistent With Broad Cooling…
Downtrend In Savings Rate Gets Revised Away…