LEIs steady, incoming data marginally worse - Feb. G3 Leading Indicator Watch [Video + AI Summary]
- Speakers: Tian Yang (Head of Research) and Jonathan Petersen (Macro Strategist)
- The macro backdrop remains broadly supportive of growth. No major sector—households, corporates, or government—is meaningfully increasing savings. it suggests recent volatility is more likely a buy-the-dip opportunity than the start of a recessionary downturn.
- However, risks are bubbling under the surface, especially with lower-income consumers and the labor market. Vigilance is warranted if household savings begin to rise or corporate capex meaningfully shrinks.
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