The Stock Market is at Records. Some Consumers Say It’s OK to Treat Yourself.

"A champion doesn't become a champion in the ring, he's merely recognized in the ring. His 'becoming' happens during his daily routine." — Joe Louis

Chart of the Day Good morning! We have discussed the bifurcation of the U.S. economy on several occasions, most recently on Aug. 19. On a surface level, consumer spending has remained robust, with the data showing three straight months of gains. Tellingly, however, studies from the likes of Moody's suggest that the richest 10% of Am...

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