Top Gun, Jurassic World, and Minions

Apollo Chief Economist

More people are going to movie theatres to watch Top Gun, Jurassic World, and Minions, and household savings are still very high, see charts below and in our Slowdown Watch.

The bottom line is that daily and weekly data combined with the June employment report show that the economy continues to do well, and the Fed is still not succeeding in slowing the economy down.

Chart showing rising box office receipts
Source: Boxofficemojo.com, Apollo Chief Economist
Chart showing households have large amounts of dry powder, which was saved during the pandemic
Source: Bloomberg, Apollo Chief Economist

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