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Strategies & Market Trends : The Art of Investing

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Nov 12 4:00 PM EST

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To: Sun Tzu who wrote (8244)	3/15/2024 8:09:10 PM
From: russet	Read Replies (1) of 10567

All eyes on the consumer now. March is key (data on consumer spending and layoffs for March will come in the first few weeks of April). Lots of jobs being lost and velocity of firings and layoffs are escalating. Many companies are seeing sales declines and adjusting workforce accordingly. About 15% of American consumers are living paycheque to paycheque and going into debt with pay later loans to extend their buying (their credit cards are maxed out, and if not delinquent, will soon be). Both delinquencies and bankruptcies are rising above pre covid levels, some are near 2008 levels. This cohort spends everthing they make, so will impact consumer spending on goods and services. The question will be, how much? A further question is, will the Fed lowering interest rates matter now?

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