Household income and spending are the beating heart of the U.S. economy. On the per capita comparisons used in this analysis, personal income is equivalent to about 85% of GDP, disposable income to 74%, and consumption to 68%. When purchasing power weakens, the consequences run through household budgets, company sales and market earnings expectations. September exposes a … [Read more...] about September Personal Income and Spending: Consumer Resilience Meets a Purchasing-Power Squeeze
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The Dividend Is Dead—Long Live Speculation
The traditional dividend has become almost irrelevant across the market-leading technology stocks. Profits are rising, but the investor is increasingly paid through retained growth, share repurchases and price appreciation—not spendable cash income. For generations, the dividend was presented as the proof that a share represented ownership of a productive business rather than … [Read more...] about The Dividend Is Dead—Long Live Speculation
U.S. Personal Income and Spending, July 2026: Shadows and Bright Spots Coexist
U.S. personal income and spending data for July 2026 confirm an economy in which shadows and bright spots are not taking turns—they are coexisting. Real wage growth has weakened, income from assets has lost purchasing power and households have drawn heavily on savings. At the same time, transfer receipts and lower personal taxes are supporting disposable income, while … [Read more...] about U.S. Personal Income and Spending, July 2026: Shadows and Bright Spots Coexist
How to Read the Macro Economy: The Market Dashboard Every Trader Should Understand
A macro dashboard connects growth, inflation, employment, monetary policy, bond yields, currencies and commodities to reveal the economic regime influencing financial markets. Markets do not trade one economic number in isolation. They trade the relationship between growth, inflation, employment, monetary policy, liquidity and financial conditions. … [Read more...] about How to Read the Macro Economy: The Market Dashboard Every Trader Should Understand
US Personal Income June 2026: Consumption Holds Up as Savings Collapse
Some light and many shadows at the 2026 half-year mark. The June 2026 US personal income report presents a divided household economy. Consumers are still spending, private-sector wages remain positive in real terms and lower current taxes are helping disposable income. However, overall real income growth is weak, income from assets remains under pressure and personal saving … [Read more...] about US Personal Income June 2026: Consumption Holds Up as Savings Collapse