Consumer Sentiment, Business Applications, and Charge-offs for Consumer, C&I, and Real Estate Loans

This is why you need a lot of metrics - to get a more nuanced story

Consumer sentiment has been down ever since the pandemic hit (big shock):

But, there are other signs beyond sentiment that show more positive energy:

Also, even though consumers are sad, they are in a strong position financially:

And, so are businesses:

Though, the real estate side of things isn’t as pretty: