Holy cats!
If this chart doesn't scream "Caution!" I don't know what does
(h/t @chsm1th ) https://t.co/Ri51z7JaxX
— Adam Taggart (@menlobear) September 9, 2022
Yikes. pic.twitter.com/RRRdllE4Ns
— Pedro da Costa (@pdacosta) September 12, 2022
More evidence of further slowdown in consumer spending:
"Market demand for core appliances in Europe and the US so far in the third quarter is estimated to have decreased at a significantly accelerated pace compared with the second quarter"https://t.co/LFtgZnORJN pic.twitter.com/3fsenrZM9f
— Adam Taggart (@menlobear) September 12, 2022
Wages are always the last thing to go. They grow, faster and faster and faster, right into the recession. Rapid wage growth does not mean we aren't in recession. Quite the opposite; it usually means that this most lagging of indicators has finally clicked — and is ready to fall. pic.twitter.com/O3S20mLQ0m
— Jeff Weniger (@JeffWeniger) September 13, 2022
S&P 500 price based on P/E and expected EPS pic.twitter.com/xyA5w1nbUB
— Mike Zaccardi, CFA, CMT (@MikeZaccardi) September 12, 2022