Bob Elliott
· Nonconsensus
· March 25, 2026 at 10:28
· ⏱ 3 min read
| Read on Substack ↗
Summary
The author notes that consumer spending remained strong in early May, which could support the ongoing economic expansion. Separately, there are public signals from the US administration about a potential deal to de-escalate the conflict with Iran, though the author is uncertain of the outcome.
•Timely data suggests household spending was strong through the first two weeks of May.
•This consumer strength could help keep the economic expansion on track.
•The US administration is publicly signaling efforts for a deal to pause or end the conflict with Iran.
•The author expresses uncertainty about whether these diplomatic efforts are genuine.