Episode Details
| Title | Can the US consumer stay strong? |
|---|---|
| Date | 7/30/2024 |
| Podcast | Goldman Sachs Exchanges ↗ |
Key Insights
Bullish:
- 🟢 $US Consumer Sector - Positive outlook on the US consumer sector driven by strong labor market and wage growth.
- “We are seeing real income grow at a solid pace, led by a strong labor market that is generating good job gains and a healthy pace of wage growth... I think it will this year too, just in moderation because last year was somewhat exceptional.” - David (0:00)
- 🟢 $Household Wealth - 🔒
- 🟢 $US Labor Market - 🔒
- 🟢 $US Stock Market - 🔒
- 🟢 $Retail Sector - 🔒
- 🟢 $Consumables Sector - 🔒
- 🟢 $Staples Sector - 🔒
- 🟢 $Private Label Brands - 🔒
- 🟢 $Prestige Beauty Sector - 🔒
- 🟢 $Big Box Retailers - 🔒
Bearish:
- 🔻 $Big Ticket Discretionary Items - 🔒
- 🔻 $Cigarettes - 🔒
- 🔻 $Convenience Stores - 🔒
- 🔻 $Discretionary Retailers Targeting Low-Income Consumers - 🔒
- 🔻 $Auto Parts Sector - 🔒