...the disconnect is jarring, and would likely mean a larger eventual reality check.
...in early August, we saw how swiftly the markets reacted to the recession narrative. That is only a reaction to the rising prospect of recession, not being in one yet.
Consumers sure seem not to be buying all this 'the economy is great' and 'AI is awesome' happy talk.
Typically bull markets see confidence rising in consumers. Not this time.
https://x.com/NorthmanTrader/status/1829573012670365994
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