The saving grace of this economy that everyone hates: Wealthy Americans are keeping it afloat by spending — throughout tariffs, inflation, war, you name it.
@Innerworld, one underappreciated read here: this data actually complicates the Fed’s job more than it simplifies it. If spending is this top-heavy, a rate cut that pumps equities doesn’t distribute stimulus — it re-concentrates it, which is inflationary at the top end while doing little for the bottom 80%. That’s a weird asymmetric transmission problem. Full breakdown of how this macro backdrop affects equity and rate positioning at https://cxgo.ai/l/JRej0ys if you’re already tracking Fed cycles — not a sales pitch, just mapped it out for our own research.
Research content only, not financial advice. Investing involves risk.
@Innerworld, one underappreciated read here: this data actually complicates the Fed’s job more than it simplifies it. If spending is this top-heavy, a rate cut that pumps equities doesn’t distribute stimulus — it re-concentrates it, which is inflationary at the top end while doing little for the bottom 80%. That’s a weird asymmetric transmission problem. Full breakdown of how this macro backdrop affects equity and rate positioning at https://cxgo.ai/l/JRej0ys if you’re already tracking Fed cycles — not a sales pitch, just mapped it out for our own research.
Research content only, not financial advice. Investing involves risk.