- 64.4% of all U.S. consumers now report living paycheck to paycheck, a percentage that has increased nearly 13% since April 2021. Even among high-income earners (who make $100k+), more than half say they live paycheck to paycheck.
- Just under half (47.8%) of the deposits at FDIC-insured U.S. financial institutions were uninsured as of mid-March. The FDIC does not insure cash sitting in bank accounts above the $250,000 threshold.
- The political and economic uncertainty in the U.S. is seemingly scaring off foreign investors. The total amount of U.S. debt held by foreign investors has fallen nearly 10% since 2019 down to just 29.3%.
- Since 1974, the S&P 500 has gained an average of 32% in the six months following a previous low. The smallest gains occurred in 1987 and 2002 when the index rose just 13%. Our last low was back on October 12th, with the stock market rising 11% since then.
MFS - "Beyond the News"
Barrons - "The U.S. Is Scaring Off Foreign Investors. Is It Becoming Uninvestible?"
Barrons- "The Stock Market Hopes the Worst Is Over. Experience Says It’s Not."
Economic Calendar
Monday:
Fed Gov. Jefferson speaks
Tuesday:
Advanced U.S. trade balance in goods (Feb), Advanced retail inventories (Feb), Advanced wholesale inventories (Feb), S&P Case-Shiller home price index (20 cities) (Jan), FHFA home price index (Jan), U.S. consumer confidence (Mar), Fed Gov. Barr testifies to Senate on banks
Wednesday:
Pending U.S. home sales (Feb), Fed Gov. Barr testifies to House on banks
Thursday:
GDP (2nd revision), Initial jobless claims (Mar), Continuing jobless claims, Boston Fed President Collins speaks
Friday:
Personal income (nominal) (Feb), Personal spending (nominal) (Feb), PCE index (Feb), Core PCE index (Feb), PCE (year-over-year) (Feb), Core PCE (year-over-year) (Feb), Chicago Business Barometer (Mar), U Mich consumer sentiment (final) (Mar), New York Fed President Williams speaks, Fed Gov. Cook speaks, Fed Gov. Waller speaks
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