Anecdotal news on economy.
There is a new Carnival cruise ship that sails from New York called the Venezia that I have been following. It had its first voyage from NY recently. It is has had 4700 passengers on the trips it is making while it is rated for 4200 double occupancy.
It has several 3rd world complaints including: 1) The lines for the restaurants are too long 2) The ship is short staffed 3) Too many people using the pool.
Somehow the folks spending money on these cruises did not get the message that we are in hard economic times and Carnival is apparently having trouble getting workers.
No sign of a recession. The fact that they are having trouble getting workers suggests that wage growth is still too high for the Fed which means more rate hikes.
Luxury goods makers like LVMH are doing very well. Things are good at the high end.