Consumer confidence is the next shoe to drop

Peak consumer complacency.

Falling personal finance survey is likely a key hint.

Abundance of macro imbalances with labor market starting to crack & corporate earnings already contracting.

Consumer confidence is the next shoe to drop. pic.twitter.com/Kl4qNKrLWc

— Otavio (Tavi) Costa (@TaviCosta) December 15, 2019