The consumer is rebounding fast due to several inflation-linked technicalities in January, while China is now obviously open for business. This should be fuel for equities despite all the bear-porn out there, but also worrying from an inflation perspective.
![5 things we watch: Consumer Spending, Seasonality, China, Earnings and Tesla](https://stenoresearch.com/wp-content/uploads/2023/01/5-things-1080x675.png)