The headline economic data gives a comforting sense the economy is strong.
The media headlines tell us the consumer is "resilient"
But if you ask most Americans, they'll tell you they're struggling.
Last year, a Forbes Advisor survey revealed that nearly 70% of respondents either identified as living paycheck to paycheck (40%) or—even more concerning—reported that their income doesn’t even cover their standard expenses (29%).
So why is there such a big disconnect here?
For context, we're fortunate to talk today with Adam Kobeissi, publisher of the popular capital markets report, The Kobeissi Letter.
While Adam remains guardedly bullish in the near term, he thinks market risks are mounting and that investors need to prepare for "much larger swings to the downside" as the year progresses.
Follow Adam at https://www.thekobeissiletter.com/
Or on Twitter at @kobeissiletter
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