[wbsss4412]

Consumer spending is continuing to steadily grow.[0]

[0] https://fred.stlouisfed.org/series/PCEC96

[datalopers]

Look at volumes, not just $. Volumes are down Y/Y while $ is just slightly positive due to inflation.

Or just look at Target’s Q1 results and guidance from last week.

[wbsss4412]

The chart I linked is inflation adjusted.

[lljk_kennedy]

That seems to stop showing any data later than Mar 2022?

[wbsss4412]

That’s true, it doesn’t capture data from the last two months.

The trends in market valuations have been consistent for several months now though, going back into last year. Whereas any collapse in consumer spending has yet to manifest itself for any longer than a month and a half.