WS #15070

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Consumer spending remains resilient despite rate concerns, with Carnival reporting a Q3 earnings beat and raising 2026 guidance. This strength is corroborated by US housing data, where the FHFA index rose 0.3% and Redbook YoY accelerated to 8.2%, suggesting underlying economic durability. Eli Lilly's Zepbound data further highlights strength in the consumer health sector.

Consumer Resilience and Travel

Consumer spending remains resilient despite rate concerns, with Carnival reporting a Q3 earnings beat and raising 2026 guidance. This strength is corroborated by US housing data, where the FHFA index rose 0.3% and Redbook YoY accelerated to 8.2%, suggesting underlying economic durability. Eli Lilly's Zepbound data further highlights strength in the consumer health sector.

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