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5 Charts Showing the U.S. Consumer Is Starting to Pull Back

A similar weakness to 2000 and 2007 signals caution

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3)    The Consumer Durables and Apparel group has also shown a sharp deterioration to start the year. Within the group, we are seeing weakness in homebuilders (PHM, LEN, KBH) and a number of apparel names (COH, RL, FOSL). You would be hard-pressed to find a more discretionary item than yoga gear, and this is reflected in the weakness in the Lululemon (LULU) chart below.

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