Falling consumer sentiment.
Crushing inflation.
Declining real wages.
Savings are being drawn down rapidly.
Credit card usage is soaring.
Mortgage cash-out refinancing is not economical.
Fiscal stimulus is unlikely.https://t.co/8DeKrIaCZ1— Michael Lebowitz, CFA (@michaellebowitz) June 8, 2022
— Win Smart, CFA (@WinfieldSmart) June 8, 2022
https://twitter.com/VSoien/status/1534465334660501507
https://twitter.com/RJRCapital/status/1534680478783098881
This just keeps getting worse: Applications for mortgages to purchase a home dropped 7% for the week, and were down 21% from a year ago
Worst Tech stock collapse in 20 years…
h/t SilverBoatSurfer