U.S. Consumer Spending – Comparison of Spending Between March 2021 and February 2020 Travel spending remains low, while goods spending across sectors are well above pre-pandemic levels. Image: BofA Global Research
U.S. Consumer Spending – Households Who Received Stimulus Payments and Households Who Did Not U.S. households who received stiumulus payments are feeling more confident about spending. Image: Quill Intelligence, LLC
Indications of Consumer Saving Should investors expect more consumer spending than saving? Image: Arbor Research & Trading LLC
One-Year Correlation – Oil vs. U.S. Consumer Price Index (Inflation) When oil jumps in price, it tends to increase the cost of goods. Image: Morgan Stanley Wealth Management
Alternative Measures of U.S. Consumer Activity U.S. consumer spending increased sharply over the last few weeks and is now above its pre-coronavirus level. Image: Goldman Sachs Global Investment Research
Consumer Confidence Index vs. S&P 500 Does consumer confidence improve or do equities fall? Image: Piper Sandler
Inflation – U.S. Consumer Price Index and ISM Manufacturing Prices Index (Leading Indicator) ISM manufacturing prices tend to lead headline inflation. Image: Morgan Stanley Wealth Management
S&P 500 Sectors (Tech, Consumer Dis., Financials and Energy), Increase in Market Value Are tech sector valuations a cause for concern? Image: Financial Times
U.S. Inflation – M2 Money Supply and Consumer Price Index M2 money supply growth could be the key to unlocking inflation in the United States. Image: Morgan Stanley Wealth Management
U.S. Consumer Confidence Composite vs. S&P 500 The S&P 500 and U.S. consumer confidence are telling very different stories Image: Pictet Asset Management