Stocks, Crypto, Yield Curve Tumble As ''Strong Consumer'' Narrative Crushed
Stocks, Crypto, Yield Curve Tumble As ''Strong Consumer'' Narrative Crushed Walmart can''t get rid of its excess inventory, MacDonald''s is seeing lower income customers ''trade down'', Pulte Homes said that home order cancellations have doubled in the last 30-60 days, new home sales crashed and median prices plunged, and consumer confidence tumbled. But apart from that, the consumer is strong and the economy is definitely not in recession… if you believe the politicians and elites. The ''r''-word is coming... Check out this incredible avalanche footage from the Tian Shan mountains in Kyrgyzstan. Luckily, everyone survived. Account: https:||t.co|amo4Bh6z8I pic.twitter.com|WQumCfelgz — Everest Today (@EverestToday) July 10, 2022 Like the message to 10% of Shopify staff today, here''s what we say to the elites... Nasdaq led the charge lower today but all the majors were red on the day... We note that the rebound off the mid-June lows topped out after the SP tagged 4,000 and since then has faded fast...
Stocks, Crypto, Yield Curve Tumble As ''Strong Consumer'' Narrative Crushed
Stocks, Crypto, Yield Curve Tumble As ''Strong Consumer'' Narrative Crushed Walmart can''t get rid of its excess inventory, MacDonald''s is seeing lower income customers ''trade down'', Pulte Homes said that home order cancellations have doubled in the last 30-60 days, new home sales crashed and median prices plunged, and consumer confidence tumbled. But apart from that, the consumer is strong and the economy is definitely not in recession… if you believe the politicians and elites. The ''r''-word is coming... Check out this incredible avalanche footage from the Tian Shan mountains in Kyrgyzstan. Luckily, everyone survived. Account: https:||t.co|amo4Bh6z8I pic.twitter.com|WQumCfelgz — Everest Today (@EverestToday) July 10, 2022 Like the message to 10% of Shopify staff today, here''s what we say to the elites... Nasdaq led the charge lower today but all the majors were red on the day... We note that the rebound off the mid-June lows topped out after the SP tagged 4,000 and since then has faded fast...