https://www.marketwatch.com/story/u-s-consumer-credit-growth-slows-in-march-a7358024
"U.S. consumers pull back sharply on credit-card use in March
Total consumer credit slows to $6.3 billion gain versus estimate of $14.8 billion"
Sorry I don't have a subscription but, right there is proof the consumer is rolling over in a huge way. They are tapped out to the point they can't even borrow anymore and now watch the delinquency rates start to rocket over the coming months. Add to this the Fed needs to see a large increase in unemployment before it will step in and this should tell you why we are going to crash.
And, why rate cuts are always bad for the stock market in this enviroment. Because we never get rate cuts until they have to cut. Meaning the economy already went off the cliff and the crash happened. Good luck all but soft landing? I think this will make 1987 and 2008 look like small bumps in the road hehehe. Still it will give us all something to talk about.
P.S. Unless of course I am just joking and this is really bullish and I'm secretly going full bull right at the top of the market.
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