by Dan Zalipski, CFA
Our Market Minute this month notes the consumer remains in good shape and is currently being credited for keeping the economic expansion going, supported by low unemployment, low inflation, and rising wages. Retail sales continue to do well, and there’s hope that a recent drop in mortgage rates spurs another round of home buying activity. With consumer activity doing well, I wanted to take the opportunity to check in on the other side, the producers. This is where the stories diverge. Consumers have, for the most part, been able to dodge the effects of the trade war. Producers have been less fortunate.