K-Shaped Expansion Continues | Torsten Slok's The Daily Spark | Apollo Global
Apollo: Consumer spending data from the New York Fed shows a clear K-shaped pattern where growth has been faster for high-income households than low-income households, see the first chart. The stronger growth in consumer spending for high-income households is driven by the K-shaped growth in wages and wealth, see the second and third chart.
References
Disclaimer: Orignal content owned by or sourced from third parties. It does not represent the views of 'Nuggets' platform or it's team. AI is used extensively across this platform including for summaries. Accuracy is not guaranteed, there can be mistakes. Any info or content on this platform is not a financial, legal, or investment advice. Do your own research. Refer for complete disclosures:- Terms of Use · Full Disclaimer
More nuggets
Jul 16, 2026
BofA: From sports to pop culture: Prediction markets $1 trillion bet | 14 Jul 2026
1. Executive Briefing TL;DR The Core Thesis: Prediction markets are undergoing an exponential, institutional grade expansion, driven by massive sports liquidity events like the FIFA World Cup and the structural entry of regulated finance/b…
Jul 16, 2026
The Bridge Ep. 13: Good Credit Holds. Bad Credit Breaks | iCapital
"As investors we're always very downside focused and so we don't take compliments well so we appreciate that but we want to stay humble because you can never get complacent in any kind of market." Vivek Bantwal 01:08 http://www.youtube.com…
Jul 16, 2026
Risk, Resilience, and Relationships Ft. Alona Gornick (MD & Senior Investment Strategist, Churchill Asset Management) |16 Jul 2026 | S&P Global Market Intelligence
"I was probably more focused on whether a deal looked attractive on its own right and now I think about a lot more in terms of is the business we're lending to the right company is it, you know, the right capital structure and are we getti…