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Forward Guidance cover image

Peter Boockvar on an Overheated Stock Market, China’s Green Shoots, and the Private Credit Bezzle

Forward Guidance

NOTE

Diverse Consumer Behavior in Retail Spending

Retail spending is thriving in specific sectors like cruises, concerts, and sports events, with consumers willing to pay high prices. However, there is significant consumer sensitivity in sectors like Starbucks and McDonald's, leading to price cuts to attract customers. The consumer sentiment index has dropped significantly, particularly affecting lower to middle-income consumers who are facing challenges with the high costs of daily essentials and shelter.

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