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:

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