What Cramer Watches Monday – Consumers Hoard Cash, Home Improvement Slows

Shoppers stroll the Pitt Street Mall on June 07, 2022 in Sydney, Australia. Australian consumer price inflation accelerated to a 21-year high in the last quarter and is likely to accelerate further as food and energy costs explode, fueling speculation that interest rates will need to more than double to control the outbreak.

Brendon Thorne | Getty Images News | Getty Images

What I look forward to on August 1, 2022

Find peak signs. M2 has peaked and could be ready for a big fall. (M2 is a broad measure of the money supply in the United States). Are consumer budgets stretched? They still have a huge amount of cash in their accounts. (Good for banks with high fed funds rate but the stock has not been reclassified). People are afraid of owning banks in a recession.

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