MI2 Partners Thoughts From The Divide: Warm and Fuzzy

Given that it’s Valentine’s Day, some of you may be feeling warm and fuzzy courtesy of a significant other. Of course, others might be married. But for those of you who are following the latest economic data, the warm fuzzy feeling may apply doubly. Consumer spending data could definitely give the impression all is right with the world if BofA’s Moynihan’s data applies across the board, “The bank’s retail customers are spending about 6% more money in the first 40 days of this year compared with the same period in 2024”. (Let’s go ahead and blame the weather/fires for the latest retail sales reading.)
BY JON WEBB

MI2 Partners Thoughts From The Divide: Warm and Fuzzy

  • Posted on February 14, 2025
  • by MI2 Research

“record-high… costs,… price increases, and weakened consumer sentiment”

Given that it’s Valentine’s Day, some of you may be feeling warm and fuzzy courtesy of a significant other. Of course, others might be married. But for those of you who are following the latest economic data, the warm fuzzy feeling may apply doubly. Consumer spending data could definitely give the impression all is right with the world if BofA’s Moynihan’s data applies across the board, “The bank’s retail customers are spending about 6% more money in the first 40 days of this year compared with the same period in 2024”. (Let’s go ahead and blame the weather/fires for the latest retail sales reading.)

Link to substack:   https://open.substack.com/pub/mi2partners/p/thoughts-from-the-divide-warm-and?r=1tabqm&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true

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