Invesco US·2026-05-25·via All Articles on Seeking Alpha
Summary
Higher gas prices clearly hurt, but what matters most is the share of income they consume, which still suggests more of a sentiment headwind than a true spending shock.
The economic environment is relatively stable, but the balance of risks may become less favorable if inflation expectations continue to move higher from here.
Tight credit spreads, restrained leverage growth, and strong earnings have continued to point to underlying economic resilience.
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By Brian Levitt, Chief Global Market Strategist and Head of Strategy & Insights
It may be confirmation bias but …
... the recent surge in gas prices is unlikely to derail the consumer to the extent
