Stat of the Day: The Consumer’s In Good Shape – Private Wealth Advisors

Thursday, May 31, 2018

Stat of the Day: The Consumer’s In Good Shape

by Marty Mazorra CFP®, ChFC®

Founder & Co-Chief Investment Officer

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:

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Marty Mazorra CFP®, ChFC®

Founder & Co-CIO

is the author of "Making Lemonade: A Bright View on Investing, on Financial Markets and on the Economy" and "Leaving Liberty?: Essays on Politics and Free Market Thinking".

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