All is not well with this economy, yet stocks keep going up.
Posted: Nov 17, 2024
- Retail sales yoy are not growing
- Industrial production yoy is not growing
- Bank balance sheets have plateaued
- Delinquencies are rising
- Margin trading is rising due to the "Trump Pump"
- Consider following Warren Buffett's lead in building up cash pile
- The article discusses data related to Advance Real Retail and Food Services Sales (RRSFS)
- The data shows a 0.3% increase in October 2024 compared to the previous year
- The data is seasonally adjusted and updated on November 15, 2024
- The series is constructed using two other series, and updates only when those series update
- The data is calculated in Millions of 1982-84 CPI Adjusted Dollars
- The Federal Reserve Bank of St. Louis provides the data through FRED
- The FRED website offers tools, news, publications, and economic research resources.
What do people on Reddit think?
🚨 Reddit sentiment: mixed/negative - While some comments express understanding of current stock trends and optimistic investment strategies, others highlight concerns about potential market crashes and disconnects between the market and economy. Summarized comments: - Stocks are priced for a soft landing recovery, and higher interest rates are expected to have a deflationary effect - The market is not necessarily a reflection of the economy; it prioritizes earnings growth - Price increases may persist due to the significant increase in M1 from 2020 to 2022 - Some users plan to realize gains by January 2025 and express concern over potential market crashes
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