Contrary to popular belief, having one's head lodged in their own ass is not a "Black Swan" event...
This just in:
ZH: U.S. Department Store Sales Crash Most On Record
Consumer confidence is at a 15 year high, compliments of Donny Trump, Faux News, CNBS, Kardashians, Prozac, OxyContin, Fentanyl, and of course legalized pot:
In other words, it's a society of stoned zombies exhibiting fake-believe confidence for reasons having absolutely nothing whatsoever to do with the economy. Just another end of cycle circle jerk...
University of Michigan consumer sentiment survey (red) with short-term rates (green) aka. 'Conomy:
University of Michigan consumer sentiment survey (red) with short-term rates (green) aka. 'Conomy:
Retail ETF:
Pharmacies
Jewelry stores
Mid-tier department stores
Upscale department stores
Lower end department stores