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Time To Take Profits in Tech? w/ Greg Weldon

Real Vision: Finance & Investing

00:00

The US Consumer on the Shopping Block

Every discretionary sector except eating and drinking establishments is negative on a rolling 12 month basis year over year. Retail sales numbers are inflated by inflation, so if you took the inflation dynamic that pushes the value of sales up out of the equation, these would be so deeply negative it's not even funny. You have a $1.6 trillion year of year decline in the monthly sales total for those stores right now.

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