Most Americans Spooked by Recession Talk, But Data Paints Different Picture

According to a poll conducted by CNBC, 56% of Americans said they believe the U.S. is in a recession.

XRT sits above both moving averages although with the 200 above the 50, we call that accumulation and not bullish.If that continues to hold, we believe Granny is telling us that she might be ready to go back out and shop, mainly for staples, but we remain keen on the Vanity trade. Big Brother Biotechnology IBB is out there protecting us. With diet drugs a huge hit, this is yet another nuanced area.) sits just below the 200-WMA. Plus, he is in the middle of the weekly channel range. Furthermore, back in May, IBB handily cleared above the 50-WMA.Yes, KRE sits below the 50-WMA in a bearish phase, which is concerning. But KRE also holds the weekly channel support low tightly.was a big subject of ours over the last 2 months.

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