This Intrepid Explorer of the Markets Is Back
Stansberry Investor Hour
00:00
Are the Consumers in Good Shape, You Know, Balance Sheets Are Not Doing Well?
The number of credit cards that are open in the US right now is something like there's some hundreds of millions, a number that will make your head spin. I emailed Garla Scott Garla yesterday because he was, when the market recently in the past couple of days,. He put all the S&P 500 sectors and ranked them by their performance that day. The bottom three were, you know, consumer, the two consumer categories and real estate. And he's like, well, their balance sheets are much worse than they were and rising rates just make them worse.
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