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$BAC: "from our own vantage point, certainly credit statistics still look really strong..from a credit perspective, we still look at the consumer as being very healthy still having borrowing capacity & still demonstrating good behavior as it relates to their card patterns" pic.twitter.com/AU9jCw9S8g
The LMI (logistics manager index) hit an all time low - down to 47.3 in May from 50.9 in April - highlighting a quiet implosion of activity occurring in the freight sector as the economy slows down. pic.twitter.com/108C74FSd0
3 stats for the nostalgists who think the American Dream is dead: - Wages for typical workers are up by a third since 1990 - 73% of Americans in their 40s have higher incomes than did their parents -Among kids raised in the bottom 20%, 86% have higher incomes than their parents pic.twitter.com/n2c8TE4fxQ
B of A: “Monday marks the 25th time that the $SPX has scored a new 52-week high after a long pause of 300 or more calendar days .. The SPX is up 92% of the time 250-trading days after this signal with an average return of 15.5% .. suggests SPX 4900-5000 into June 2024.” pic.twitter.com/hd1fj3Lmwb
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A Wealth of Common Sense is a blog that focuses on wealth management, investments, financial markets and investor psychology. I manage portfolios for institutions and individuals at Ritholtz Wealth Management LLC. More about me here. For disclosure information please see here.
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