Consumption is the typically the last sector hit by an economic recession. In the U.S., consumption is holding up, but much of it is coming from credit-backed auto sales.
See Bloomberg for a discussion: The U.S. Economy Needs to Kick Its Car Habit
Scenario Analysis For Friday’s Trading Session
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The S&P is currently in a range between 4950 and 5250. After blowout
earnings from Google (GOOG/GOOGL) and excellent earnings from Microsoft
(MSFT) Thursda...
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