RE:Consumer Discretionary up 23% in Q1 of US What are you talking about? You like looking at lagging indicators. First of all, eps is negative y/y. Let's not pretend things have turned the corner and it could get worse in Q2. Are you aware that regional banks that are responsible for over 50% of real estate loans are no longer lending money out? How is that going to be good for the US economy going forward? Don't forget that Silicon Valley Bank folded in early March or at the end of Q1 and the regional banking crisis began soon thereafter. The slowdown in loans will certainly have a ripple effect throughout the rest of the year.
Real gdp is trending at only 1% in Q1,2023 which is lower than both Q3 and Q4 of last year. These are not signs that the worst is behind us and far from it.