With three-and-a-half weeks of trading left for 2025, all the major asset classes are holding on to gains, based on a set of ETFs through Friday’s close (Dec. 5). The top-down view of the bullish trend, however, masks weakness in some corners that could accelerate in 2026.
Daily Archives: December 8, 2025
Macro Briefing: 8 December 2025
US consumer spending in real (inflation-adjusted) terms was flat in September, according to Bureau of Economic Analysis data. The unchanged monthly reading marks the weakest month for real consumer spending since in four months. “Many consumers, especially middle- and lower-income households, face widespread affordability issues that force them to be more cautious and value-based shoppers,” said Kathy Bostjancic, chief economist at Nationwide.
