Once again, the disconnect between what the stock market is hoping and what the consumer is telling us, is striking. Retail inventories are climbing month after month, and revisions are upward.
The consumer is spending less and less and retail inventory levels are climbing… https://t.co/bBT0uZf6Ym
— Uncle Milty’s Ghost (@his_eminence_j) December 27, 2024
That’s just rearranging the deck chairs on the Titanic at this point.
The consumer is ultimately the final arbiter of GDP.
— Uncle Milty’s Ghost (@his_eminence_j) December 27, 2024