🚨 🚨 With the S&P 500 up 33% and home prices up 6% from a year ago, Evercore ISI’s economics team, led by Ed Hyman, reckons consumer net worth is up 9% in the first quarter from a year earlier. Its proprietary survey of Realtors also shows robust home prices. “It would be unusual for a recession to start with house prices this strong,” a client note says
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