David Lin on consumer sentiment and Hormuz

by Not A Charm: News

The survey number is the worst it has ever posted, lower than 2008 and lower than the pandemic stretch. People answering the polls say they are scared about their own money situation. And the market? Still sitting there calm, which is the part that never holds. David Lin, who hosts The David Lin Report, is watching a different trigger. A full closure of the Strait of Hormuz, in his read, would tear up the actual economy regardless of whether the S&P stays flat. His quote on it: "The economy is going to have massive deterioration." Bad survey results, Wall Street can wave off for a stretch. What it cannot wave off is consumers who stop opening their wallets.