The U.S. is still a consumer economy (70-77% consumption economy, depending on what data you use).
Late last year I posted this LONG TERM sector-performance chart, dating back to the big bottom in March 2009 (weekly chart).
XLY (discretionary, pink) is still blasting to the moon, and should continue (long term) as long as credit-card debt/mortgage debt/student-loan debt
DEFAULTS don’t get too big.
Same chart, but I added the percentage performance of Visa (V): it’s in eye-popping lime.
I’d like to show a single symbol that includes all credit-card debt/mortgage debt/student-loan debt, but I don’t have one...… any ideas?
It would be valuable if anyone on board would post any fresh data on DEFAULTS when you find credible articles.