The US consumer hasn’t cracked yet

April bank card knowledge from Financial institution of America does not present a slowdown in US shopper spending. If something, there was a slight acceleration in early April after tariffs had been introduced.

1) This might be tariff front-running

2) Drops in shopper confidence have not led to much less spending

There are actually causes to fret in regards to the US and world financial system however I feel the layoffs want to return, or we have to indicators of actual inflation earlier than the market wilts.