2024-07-27 08:10:00 ET
Summary
- American consumers' savings and spending patterns, illustrated through charts, showing a shift towards credit card debt and rising delinquency rates.
- Market rotation towards the real estate sector, with tech stocks facing pressure and small caps outperforming.
- Celebrating recent investment successes with Agree Realty, Cullen/Frost Bankers, and InvenTrust Properties, while discussing new additions to the buy list.
Trying to tie together the medley of disparate topics below into some coherent introduction sounds more exhausting than the act of actually researching and writing those topics, so I'll spare you a tortured attempt.
Instead, we'll get right to it. Here are the topics du jour:
- Some charts that illustrate the narrative about American consumers that I've been pushing.
- The Great Rotation continues.
- Celebrating some recent investment successes that were on my buy list earlier this year.
- Where the buy list stands today.
See you in the comments!
3 Charts To Illustrate The State of American Consumers
The following information isn't really anything new for those who have read my weekly articles for a while, but these three charts succinctly illustrate the state of American consumers.
This first chart shows excess savings by income group. During COVID-19, consumers across all income levels hoarded cash as they socially distanced themselves. Notably, the top 40% of income earners (what I label "affluent consumers") saved the vast majority of total dollars during this period....
Read the full article on Seeking Alpha
For further details see:
6 Stocks I'm Buying Amid A Major Market Rotation