Consumers getting walloped

Good updates in this segment on larger trends in inflation, employment and consumption.

Consumer Prices Accelerated in Jan, but Annual Growth Slowed. Here is a direct video link.

Meanwhile, as shown below, half of Americans recently surveyed report that their financial situation is worse today than a year ago (dotted line below since 1975). Just 35% said they are better off (green line), down from 60% in 2020. Past recessions saw this number bottom between 22 and 30%. The present trend is not bullish for economic growth and corporate revenues.

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The week in charts

Charlie Bilello’s weekly charts and themes is worthwhile.

Here is a direct video link.

Thumbnails are as follows: 00:00 Intro 00:16 A Screeching Halt (Tech Growth Slowdown) 08:28 The Lowest Unemployment Rate Since 1969 13:23: Does the Fed Really Want You to Lose Your Job? 17:53 The Fed is Not Done Yet 22:54 Feeling Worse Off Than Last Year? 25:55 How Times Have Changed (Tesla vs. GM/Ford) 27:29 The Buyback King (Apple) 29:27 The Bulls Are Back (Investor Sentiment) 33:58 Disney’s #1 Priority 36:38 The Crop Report Was Bad (Orange Juice) 38:44 Inflation Relief

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Battery innovation is booming

Innovative, hard-working people worldwide are focused on ever more efficient, low-cost energy storage, and human ingenuity is winning.

NEW Sodium, Aluminum battery is 15X cheaper than sodium or lithium. Here is a direct video link.

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