73°F and half the cars at Costco are running engines on idle just to keep cool.
Gas prices aren't high enough. Rates aren't high enough.
People still have too much cushion. Real pain hasn't hit yet.
Until normies feel the squeeze, don't expect a real pivot. Liquidity isn't coming back until they're forced to change behavior.
Macro matters. Watch the consumer.
Gas prices aren't high enough. Rates aren't high enough.
People still have too much cushion. Real pain hasn't hit yet.
Until normies feel the squeeze, don't expect a real pivot. Liquidity isn't coming back until they're forced to change behavior.
Macro matters. Watch the consumer.