US EQUITY MACRO
Liz Ann Sonders
Schwab Chief Investment Strategist. US equity and macro, labor, breadth and valuation. Chart-led X feed; Schwab Network video waits on attribution.
Catch-Up
Wage growth firmed in July, with the Atlanta Fed tracker rising to 3.8%. The gap remains notable: workers changing jobs are still seeing stronger pay gains than those staying put.
A daily catch-up of talking heads, in fifteen minutes.
Current Views
Liz Ann Sonders US EQUITY MACROInvestor interest in “risk-on” terms has significantly outpaced interest in “risk-off” terms, indicating more crowded risk appetite and positioning.
Liz Ann Sonders US EQUITY MACROJohnson Redbook retail sales growth has retreated from its July peak but remains strong at 8.3%, well above year-ago levels.
Liz Ann Sonders US EQUITY MACROAtlanta Fed Wage Growth Tracker increased to 3.8% in July, while job switchers continued to record stronger wage gains than job stayers.
Direction By Day
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Sentiment Heatmap
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