Alarm! US Personal Spending Tanks -7.5% MoM In March (Durable Spending Tanks 15.1% MoM)

Alarm! 

US personal spending tanked -7.5% MoM, exceeded only by durable goods spending that tanked -15.1% MoM in March.

Screen Shot 2020-04-30 at 9.00.15 AM

Personal income dropped by “only” -2% MoM.

An additional 3.8 million filed for jobless claims.

joblessfilings

Pending home sales tanked -14.5% YoY for March.

phs145

Alarm!

alarm

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