Preston
MBow30 alt account
In isolation, the McDonald's thing is no big deal, despite some economists swearing by that being a key indicator for decades. But we are seeing all sorts of signs everywhere of things slowing. When you have enough data points, the market will eventually react and price in some increased probability of a slower economic period coming.I would also say the McDonald's stuff is easily explainable... they lowered portion size, jacked up prices to the point it was no longer a better option than a sit down spot. Outside of major cities you are likely to find a bar or other restaurant where you can get a burger and fries with $10 vs McDonald's $15 combos.