Inflation Run Amok
“Buy when everyone is in pain,” says Marin Katusa on this week’s Wiggin Session. “And sell when they are cocky at the cocktail party.”
A finger to the pulse then, today.
Yesterday we said that things will get ugly in the coming months. The average consumer seems to think the same.
This is the University of Michigan’s chart on consumer sentiment:
What we’re looking at is a clear downtrend from around this time last year. Our analysis tells us the average consumer is beginning to allocate their finances selectively, readying for defensive positioning.