discretionary to staple spendimg has reached a zentith
we are at a point where the use of credit to purchase staples has outpaced the use of cash to purchase other goods. the expense of debt in discretionary goods has reached an inflection point with the expense of transaction in basic supplies. the chart is at a high. the sell signal is in. count on the cost of goods being relatively cheaper, and that being bad for sales. bearish for broader market.
Nota
the way things look im guessing were back up over $165 xly by sep. 23 but still bearish year over year xlyand were back below $65 same date range xlp but still bullish on the quarterly
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As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.