The Credit Cycle Is Built on the Consumer—and Will End With Them
Consumer Macroeconomic Playbook:
Macro Breakdown Of WHERE We Are Going:
I laid out my initial words of caution amidst the melt-up we are seeing, and I would encourage you to review them:
What I want to zoom in on is the consumer and the specific signals we are seeing. As I noted in the video above, we are seeing a lot more capital and onboarding of consumers into HOOD 0.00%↑:
