UBS On-Air: Paul Donovan Daily Audio 'Fight for your right to party'
UBS On-Air: Market Moves - En podcast av Client Strategy Office
The adage “never go short the hedonism of the US consumer” continues to hold. Yesterday’s US retail sales also showed consumers’ shifting consumption. Spending in bars and restaurants fell less than normal in January, so seasonal adjustments flattered the data into boosting nominal retail sales. As consumer preferences change, investors may need to re-examine their assumptions about parts of the economy—are cyclical sectors becoming essential?
