Pantheon Macroeconomics
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Real incomes, spending and core prices increases are all slowing.
Better headline numbers, but the underlying trend is still weak.
The drop in sales is probably noise, but the underlying trend is weak.
Sales likely to stagnate for the next few months, at best.
An improvement, but small businesses are still under pressure.
An uptrend in initial claims is probably still in the pipeline.
Tranquil labor market conditions unlikely to last much longer.
Limited inventory of existing homes continues to help homebuilders.
Generous seasonals still depressing claims, but an uptrend is coming.
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