Signs are pointing to a further pickup
Bank of America is out with a note today saying:
"We find evidence that consumers have picked up their spending outside of their home metropolitan statistical area .. we need to see further evidence in coming weeks - if so, it could be an early sign that the Delta-lull is passing and a mini-reopening cycle is starting."
![Signs are pointing to a further pickup](http://az705044.vo.msecnd.net/20210916/2021-09-16_8-59-39.png)
JPMorgan is also out with its latest spending data report and it continues to show spending well above July/August levels with a sharp recent pickup in transactions where people are present with cards (reopening indicator).
![US reopening sales](http://az705044.vo.msecnd.net/20210916/2021-09-16_9-01-40.png)