Feature includes these points:
- Auto sales are down 10% since the beginning to 2017.
- JP Morgan, despite “beating” earnings estimates, disclosed a troubling spike in credit card write-offs, which rose to nearly $1 billion in Q1.
- Retail sales have now declined two months in a row. It’s no coincidence that the dismal sales report was released on Good Friday when the market was closed. The original .1% gain reported for February was revised down significantly to a decline of .3%.
- Restaurant industry sales have declined for 11 of the last 12 months in a row on a year over year monthly basis.