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Weekly Market Recap: Bull Trap Or New Bull Market? | Lance Roberts & Adam Taggart

Wealthion - Be Financially Resilient

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The Consumer Trend: The Decline of Consumer Spending

The latest consumer news I got that I thought was interesting was one. The churio's maker general Mills plunge the most in the year. After new annual guidance indicated price hikes on ready to eat cereals and meat kits with no longer offset slowing sales as consumers pull back on spending. So we're really beginning to see that the beginning of this demand destruction the belt tightening at the the lower majority end of the consumer spending spectrum. Rolex watches have hit their lowest price in the past two years. This continued deterioration of consumer spending that you and I haven't expecting. These are just road signs on the way there.

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