Amid the ongoing battle against inflation, consumer sentiment has plummeted to its lowest levels, according to data from the University of Michigan. LPL...
Roach notes that the sentiment report serves as"confirmation" that"consumers are pivoting away from big-ticket items." This shift, he says, points tothough markets may not yet fully grasp"the magnitude quite just yet." Roach believes that the second half of this year could"run a lot slower" than the first half of 2023.
I think another thing that was a key driver for last week for markets was uh the latest uh estimate and, and blog post from the San Francisco fed, talking about excess savings being drawn down. But how long is it going to be until we see that material improvement that the FED is looking for in order to be confident, maybe ultimately to cut rates?So aggregate demand slows which means consumers just aren't splurging as much.Uh It's been a tough time and I think it's been a little bit of a disappointment because as we've all had to come to this realization that the 2% target that the fed is looking for is going to take a lot more time to, to reach that target.
I think we're gonna start seeing finally, uh, the industry data flow through the official government stats and see, uh, rent prices start to ease a bit.If you've taken the advice to save as much money as in an emergency fund or other form of savings, you should feel entitled to take out money when needed. That's what it's there for, after all. Learn...Ask an Advisor: I'm Selling My Home and Netting $750k to Downsize for Retirement.
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