State of the Economy is looking good!

Things could not look better for an incumbent administration.

1. Highest consumer sentiment since May
2. Lowest 1-yr inflation expectations since Dec 2020
3. Lowest retail gasoline prices since February - 14 states below $3
4. S&P 500 ~1% from all-time highs
5. 30-yr mortgage rates lowest since Feb 2023
6. US household net worth (Q2) all-time high
7. 50 BPS rate cut odds sit at 46% with 99% 25BPS or greater



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Yep. It’s uneven, but it always is in one way or another.
 
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