Spending in tech, designer brands hasn't slowed: Market technician

Concerns about a slowdown in consumer spending are present, but customers are still spending on technology and designer brands; however, if job levels cannot be maintained, there could be a corrective mode due to depleted savings.

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Relevant topic timeline:

8/23/2023

Gloomy U.S. retail outlook dulls hopes of strong holiday season spending

The latest results and forecasts from retailers indicate that U.S. consumer spending is under stress due to increased living costs and existing debts, posing challenges for the retail sector during the back-to-school and holiday seasons.

8/23/2023

Credit card spending growth is slowing — it’s 'inevitable,' expert says

Consumer spending growth is slowing as the economy stabilizes, with consumers prioritizing essential purchases and adjusting their spending habits in response to rising interest rates and financial pressures.

8/25/2023

Consumers are richer than they think they are, says Bank of America. They just need to stop comparing their savings to those during lockdown

US consumer spending is showing resilience and robust growth, although signs of a slowdown are emerging, potentially related to the public's perception of a deteriorating financial situation due to high inflation and rising interest rates, despite the fact that households still have higher deposits compared to pre-pandemic levels.

8/31/2023

Struggling US households may soon max out their credit cards as banks get skittish

Consumer spending is driving third-quarter GDP growth, but unsustainable spending habits, tightening lending standards, and the depletion of pandemic savings may lead to a decline in consumer spending in early 2024.

8/31/2023

US consumer spending accelerates; declining savings a red flag

U.S. consumer spending increased in July, boosting the economy and reducing recession risks, but the pace is likely unsustainable as households dip into their savings and face potential challenges from student debt repayments and higher borrowing costs.

9/10/2023

Strong Consumer Spending Supports Stocks, But Inflation and Rate Hikes Remain Key Data Points

Consumer spending has remained resilient, preventing the US economy from entering a recession, and this trend will likely continue due to low household debt-to-income levels.

9/18/2023

Americans Cutting Back on Spending Due to Economic Impacts

U.S. consumers have significantly reduced their spending over the past six months and plan to continue doing so during the upcoming holiday season, with the majority cutting back on non-essential items and essential items.

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Posted 9/1/2023, 9:21:33 PM

Spending in tech, designer brands hasn't slowed: Market technician

yahoo.com

Relevant topic timeline:

8/23/2023

Gloomy U.S. retail outlook dulls hopes of strong holiday season spending

8/23/2023

Credit card spending growth is slowing — it’s 'inevitable,' expert says

8/25/2023

Consumers are richer than they think they are, says Bank of America. They just need to stop comparing their savings to those during lockdown

8/31/2023

Struggling US households may soon max out their credit cards as banks get skittish

8/31/2023

US consumer spending accelerates; declining savings a red flag

9/10/2023

Strong Consumer Spending Supports Stocks, But Inflation and Rate Hikes Remain Key Data Points

Consumer spending has remained resilient, preventing the US economy from entering a recession, and this trend will likely continue due to low household debt-to-income levels.

9/18/2023

Americans Cutting Back on Spending Due to Economic Impacts