'Canary in Coalmine:' Hard & Soft Ecodata Show 'Flinch' Among Consumers
Schwab Network · Schwab Network
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Show Notes
Eddie Yoon says core PCE and consumer sentiment both raised signs of weakening wallets. That, on top of trans-Atlantic flights from Europe hitting pre-pandemic levels, worry Eddie that more softness will come. Layoffs in major firms like Microsoft (MSFT) and Amazon (AMZN) add to resistance against the job market. He also talks about the headwinds luxury brands like Lululemon (LULU) will face in a shifting macro environment.
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