The Bear Case: Consumers Reduce Their Spending, Causing a Recession
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US consumer: What's happening?
This is a GS basket of stocks called "middle income discretionary consumer basket". Consumer discretionary was the worst performing sector of all sectors last week leading to calls for recession and doom. Betting against the US consumer is generally not a good long-term strategy, but let's anyhow have a look at the latest in terms of the bear case.
