Sentiment: Extreme Cautious
US consumers are being forced to pay more for basic needs -- food & gas (blue line)
As a result, they are saving their cash (red line) & not investing (white & yellow lines) in preparation of the uncertainty that lies ahead.
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Blue Line - WTI
Red Line - USDJPY
White Line - SPX
Yellow Line - GOLD
**
US consumers are being forced to pay more for basic needs -- food & gas (blue line)
As a result, they are saving their cash (red line) & not investing (white & yellow lines) in preparation of the uncertainty that lies ahead.
**
Blue Line - WTI
Red Line - USDJPY
White Line - SPX
Yellow Line - GOLD
**