Memo From the Chief Economist

Memo From the Chief Economist

Consumer Hanging On By A String

The AI euphoria is masking a narrowing market and a weakening economy, while the divide between capital and labor continues to grow.

David Rosenberg's avatar
David Rosenberg
Jun 01, 2026
∙ Paid

Key Takeaways:

  • The boom continues, with the S&P 500 on a nine-week winning streak despite higher energy prices and surging real interest rates

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