$SBUX
Stocks like SBUX are directly tied to consumer data. Right now, what’s keeping U.S. GDP elevated isn’t the individual consumer’s willingness to spend, it’s MAG7 capex spending. So in a way, this is masking the street level reality for now. Of course, the company also has its own mistakes. That’s why the company has started focusing on operational efficiency and the customer experience.
With Fed rate cuts, this could start to shift in a positive direction. The black average, the EMA100, is critically important for SBUX