It’s more of a “job-...from AnnaZ

It’s more of a “job-loss” recovery in several states ... in August, NV, PA, OH & MI had unemployment rates higher than nation as a whole & total payroll levels still far off from where they were pre-pandemic. #EmploymentChange# #NonfarmPayrolls#

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Consumer Comfort Index from Bloomberg for those making at least $100,000 fell to 59.5 on October 4, 4th weekly decline since 68 print on September 6; this adds downside risk to high-income zip code spending, still down 7.1% from January through September 19. #investment# #economicindex#

AnnaZ

August consumer credit -$7.22B vs. +$14B est. & +$14.7B in prior month ... drop in revolving credit indicates that pace of spending is moderating after gains following initial reopening of certain pockets of economy (& after fiscal stimulus hit). #trading# #investment#

AnnaZ