Slowly At First, Then All At Once

By Jeffrey P. Snider of Eurodollar University

Chief Investment Strategist • May 18, 2023 at 1:14 AM EDT

Crude flips again just as retailers warn and business sales drop.

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The expression "slowly at first, then all at once" can describe an economy's descent into nasty recession. There are warning signs all over starting with WTI back in contango. Major retailers have nothing good to say about the state of their customers. US total sales are already declining and in nominal terms.

Video Length: 00:18:49

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Disclosure:

This material has been distributed for informational purposes only. It is the opinion of the author and should not be considered as investment advice or a recommendation of any particular security, strategy, or investment product. Investments involve risk and you can lose money. Past investing and economic performance is not indicative of future performance. Alhambra Investment Partners, LLC expressly disclaims all liability in respect to actions taken based on all of the information in this writing. If an investor does not understand the risks associated with certain securities, he/she should seek the advice of an independent adviser.

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