Below are some of the most interesting articles, quotes and charts I came across this week. Click here to subscribe to our free weekly newsletter and get this post delivered to your inbox each Saturday morning.

There’s been a lot of media attention on the concept of “vibecession,” or the angst consumers apparently feel even as the economy shows signs of resilience.

But it’s not hard to see why many people may feel that way: inflation-adjusted personal income has been falling in way normally only seen during a recession.

Moreover, the jobs market now shows sign of deteriorating, a trend that could pressure consumer finances even further…

not to mention the stock market which appears to be pricing in a heroically optimistic scenario for both earnings and interest rates next year.

Benefiting most from this dynamic, of course, have been the Magnificent 7, whose outperformance has reached a rare extreme. Perhaps it’s time the “vibecession” finally catches up with them?

Thanks for reading and have a great weekend!

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