U.S. consumer credit falls for first time since November 2024, Lance Roberts notes

U.S. consumer credit falls for first time since November 2024, Lance Roberts notes
U.S. credit dips as revolving loans fall

Lance Roberts notes that U.S. consumer credit unexpectedly declined in May, marking the first monthly drop since November 2024. The decrease was driven by a contraction in revolving loans, such as credit card balances, which outweighed an increase in nonrevolving debt categories like auto and student loans.

Roberts suggests that while this data point might not warrant significant concern immediately, its importance may hinge on whether it indicates a larger trend.

Roberts has recently reported on notable market shifts. He covered a week where the S&P 500 fell 2.4% and the Nasdaq 100 dropped 4.6%, led by declines in technology stocks. Earlier in the year, he noted the S&P 500's gain of over 10 percent year to date despite persistently negative retail investor sentiment. The updates track changing investor behavior alongside credit and index performance.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
Weekly Top Bonuses
up to $2,500
deposit bonus for all clients
CLAIM BONUS
Your capital is at risk.