Catherine Edwards 4.8 1 idea

Economic Policy Consultant
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1/15 min ideas
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1 winning  /  0 losing  ·  1 positions (30d)
Net: +3.4%
By sector
ETF
1 ideas +3.4%
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XLY 1 ideas
100% W +3.4%
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"Credit defaults at all-time highs, very high delinquencies, the balance sheets on credit cards are high." The headline jobs number (130k) is masking deep rot. Job growth is only in healthcare (driven by aging/sickness, not economic dynamism). A consumer with maxed-out credit cards and no high-wage job growth cannot sustain discretionary spending. SHORT Consumer Discretionary (cyclical retail, travel). Federal Reserve cuts rates aggressively, providing a lifeline to debtors.
XLY Bloomberg Markets Feb 12, 01:37
Economic Policy Consultant
Catherine Edwards (Economic Policy Consultant) | 1 trade ideas tracked | XLY | YouTube | Buzzberg