WS #14842
Economic data indicates that consumer spending remains robust despite surging Treasury yields and persistent inflation expectations. This resilience suggests the US economy is avoiding an immediate recession, supporting equity valuations across cyclical sectors. The divergence between bond market signals and consumer behavior highlights the sticky nature of demand in the current economic cycle.
Macroeconomic Resilience
Economic data indicates that consumer spending remains robust despite surging Treasury yields and persistent inflation expectations. This resilience suggests the US economy is avoiding an immediate recession, supporting equity valuations across cyclical sectors. The divergence between bond market signals and consumer behavior highlights the sticky nature of demand in the current economic cycle.