Millennials and boomers have/had the same net worth at the same age, which doesn’t fit the common narrative about poor millenials…

The debt market bailed out retailers which is why there were so few retail bankruptcies, as junk debt issuance hit a record high in 2020.

Millions of people getting benefits are about to exhaust them as the program lasts 26 weeks and the recession started about 6 months ago.

The banks have had a quick jump in loan loss reserves, but the decline in the unemployment rate implies everything will likely be fine.

How COVID-19 is dealt with over the next 2 months will determine how deep the scarring on the labor market is.

The consumer’s savings hoard is dwindling, while the pandemic is getting worse in Europe which is bad for value stocks.

Card spending growth fell, while air travel is back to about 1/3rd of where it was last year, as consumer sentiment improved in September.

The jobless claims report in the BLS survey week was good which implies the September BLS report will be strong. Here’s what to monitor…

A big problem for the bulls is that endless low rates can’t keep the market up. Usually, it’s a sign of a top when market doesn’t go up on good news.

The unemployment benefits given out are a mixed bag. They certainly won’t boost spending like the stimulus earlier this year.