"Chipotle
$CMG is down -16% after warning that the economy is terrible for anyone below the age of 60."
The bottom 80% of consumers are done. Consumer credit defaults are already at 2008 GFC levels. Jobs market is also acting like its 2008-2011, terrible for new graduates.
Outside the AI stocks the economy looks recessionary.
Most consumer defensive stock charts look horrifying.
The market is acting like the consumer is dead 馃拃