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More good news: A nice bounce in consumer sentiment in September, according to the University of Michigan Survey of Consumers. People are noticing lower prices and cooling inflation: 1-year Inflation expectations are down to the lowest since 2020. pic.twitter.com/u8KupQHMRu — …
Bankruptcies by sector are even more concerning Consumer discretionary leads with 48 bankruptcies, a sign that consumers are feeling the pain. Industrials is next, at 46, another sign of pain from higher rates. Follow us @KobeissiLetter for real time analysis …
There have now been 223,000 tech layoffs in 2023 and we are only 7 months in. That's 60,000 more tech layoffs than the entire year of 2022. pic.twitter.com/bcGE9hUdus — The Kobeissi Letter (@KobeissiLetter) July 30, 2023 "The Nasdaq is outperforming …