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Recession Where? Not Here. Not Yet.
Recession? Who? Where? When? Not us. Not in America. And certainly not right now.
At this point, the incoming US macro data's just a broken record playing on repeat. The worst of it's "mixed," the best of it's scorching-hot. The flash read on services sector activity in December falls into the latter category, retail sales figures covering November the former.
Tuesday's nominal sales readout was mostly uninteresting to the extent strength here offset weakness there to send a familiar overarchi
‘Tis the season. “It was the mixed of times, it was the scorching-hot of times.”
H-Man, looks like December is a one and done through 25Q1 and 2 unless the roof caves in.