Is That a Dead Cat Baance?

Last week we had a lot of these retailers in the headlines with inventory bild and all that sort of stuff. And consumer discretionary stocks were kick ang ass. Home depot and loads were like the stocks of the year in 20 21. Now, literally zero % of consumer discretionary stocks are above their 200 moving average. The funny thing as that we'r ing to talk about this later in the show, but this consumer discretionary chart seems to go right along with personal savings rate. Personal savings rate wis high, and people were spending a bunch of money. Now both are coming down. Is that fair? Yei that's fair. What d you make of this balance? You muy