Shoppers walking around Pitt Street Mall on June 07, 2022 in Sydney, Australia. Australian consumer price inflation sped to a 21-year high last quarter and is likely to accelerate even further as food and energy costs explode, stoking speculation interest rates will need to more than double to bring the outbreak under control.
Brendon Thorne | Getty Images News | Getty Images
Looking for signs of peaking. M2 has peaked and could be ready for a big fall. (M2 is a broad measure of the U.S. money supply). Are consumer balance sheets stretched? Still have a huge amount of cash in their accounts. (Good for banks with high fed funds rate yet stocks have not re-rated.) People scared to own banks going into a recession.
#Cramer #watching #Monday #consumers #hoard #cash #home #improvement #slows #CNBC