Category: Show me the data

Consumer Spending Strength

I’ve seen references to the below in different formats, leading to comments like “the consumer just wont quit” and “the consumer is still strong given headwinds” While the chart looks strong, I argue the source of that strength is fading and likely lags other indicators. This strength started in the form of cash spent by […]

The Jan jobs number

The January jobs number garnered a lot of attention given it smashed estimates to the upside (187k estimated vs 517 actual ?). True to form, both bulls and bears are trying to make the case this number supports their expectations of the market looking forward. Lucky for us the Bureau of Labor Statistics breaks down […]