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SVTPerformance's Chain of Restaurants
Road Side Pub
SVTP stock pick thread.
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<blockquote data-quote="Weather Man" data-source="post: 16730775" data-attributes="member: 137766"><p><h3>The chart is a little bit unsettling.</h3><h3></h3><h3><a href="https://seekingalpha.com/news/3799201-consumer-sentiment-drops-in-february-as-inflation-expectations-rise?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain" target="_blank">Consumer sentiment drops in February to worst level in a decade</a></h3><p>Feb. 11, 2022 10:02 AM ET</p><ul> <li data-xf-list-type="ul">February University of Michigan<a href="http://www.sca.isr.umich.edu/" target="_blank"> consumer sentiment</a>: <strong>61.7</strong> vs. 67.5 expected and 67.2 prior.</li> <li data-xf-list-type="ul">"The recent declines have been driven by weakening personal financial prospects, largely due to rising inflation, less confidence in the government's economic policies, and the least favorable long term economic outlook in a decade," said Surveys of Consumers Chief Economist Richard Curtin.</li> <li data-xf-list-type="ul">Expectations: <strong>57.4</strong> vs. 64.1 expected and 64.1 prior.</li> <li data-xf-list-type="ul">Current conditions: <strong>68.5 </strong>vs. 72.0 prior.</li> <li data-xf-list-type="ul">Inflation expectations: <strong>5.0%</strong> vs. 4.9%.</li> <li data-xf-list-type="ul">The recent declines signal the onset of sustained downturn in consumer spending, he said. "The depth of the slump, however, is subject to several caveats that have not been present in prior downturns: the impact of unspent stimulus funds, the partisan distortion of expectations, and the pandemic's disruption of spending and work patterns."<a href="https://static.seekingalpha.com/uploads/2022/2/11/saupload_sentiment.png" target="_blank"><img src="https://static.seekingalpha.com/uploads/2022/2/11/saupload_sentiment_thumb1.png" alt="" class="fr-fic fr-dii fr-draggable " style="" /></a></li> <li data-xf-list-type="ul">Higher inflation's impact on personal finance was cited by a third of the consumers surveyed; nearly half expected declines in their inflation-adjusted incomes during the year ahead.</li> <li data-xf-list-type="ul">On Thursday, the consumer price index rose 7.5% Y/Y in January, <a href="https://seekingalpha.com/news/3798545-consumer-inflation-climbs-75-in-january-topping-consensus-core-cpi-5" target="_blank">marking a 40-year high</a>.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16730775, member: 137766"] [HEADING=2]The chart is a little bit unsettling.[/HEADING] [HEADING=2][/HEADING] [HEADING=2][URL='https://seekingalpha.com/news/3799201-consumer-sentiment-drops-in-february-as-inflation-expectations-rise?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain']Consumer sentiment drops in February to worst level in a decade[/URL][/HEADING] Feb. 11, 2022 10:02 AM ET [LIST] [*]February University of Michigan[URL='http://www.sca.isr.umich.edu/'] consumer sentiment[/URL]: [B]61.7[/B] vs. 67.5 expected and 67.2 prior. [*]"The recent declines have been driven by weakening personal financial prospects, largely due to rising inflation, less confidence in the government's economic policies, and the least favorable long term economic outlook in a decade," said Surveys of Consumers Chief Economist Richard Curtin. [*]Expectations: [B]57.4[/B] vs. 64.1 expected and 64.1 prior. [*]Current conditions: [B]68.5 [/B]vs. 72.0 prior. [*]Inflation expectations: [B]5.0%[/B] vs. 4.9%. [*]The recent declines signal the onset of sustained downturn in consumer spending, he said. "The depth of the slump, however, is subject to several caveats that have not been present in prior downturns: the impact of unspent stimulus funds, the partisan distortion of expectations, and the pandemic's disruption of spending and work patterns."[URL='https://static.seekingalpha.com/uploads/2022/2/11/saupload_sentiment.png'][IMG]https://static.seekingalpha.com/uploads/2022/2/11/saupload_sentiment_thumb1.png[/IMG][/URL] [*]Higher inflation's impact on personal finance was cited by a third of the consumers surveyed; nearly half expected declines in their inflation-adjusted incomes during the year ahead. [*]On Thursday, the consumer price index rose 7.5% Y/Y in January, [URL='https://seekingalpha.com/news/3798545-consumer-inflation-climbs-75-in-january-topping-consensus-core-cpi-5']marking a 40-year high[/URL]. [/LIST] [/QUOTE]
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