More Commodities, Less Equities

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Welcome to The Observatory. The Observatory is how we at Prometheus monitor the evolution of both the economy and financial markets in real-time. Here are the top developments that stand out to us:

  1. Personal consumption expenditures continue to deteriorate in line with incomes. On a nominal basis, as we expected, COVID-19 rebound sectors are now normalizing their spending trends:

  2. Personal Income was significantly negative on a YoY basis, though it remained positive on a nominal MoM basis.
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