— Sector · serious —
Travel & Leisure
TSA throughput, hotels, airlines, restaurants, dating apps.
Discretionary spending on going-out-and-doing-things. TSA passenger throughput, hotel chains (Hilton, Marriott, Host Hotels, Airbnb), airline ETF (JETS), restaurant tickers, and behavioral signals from dating apps (Tinder, Bumble) and food-delivery apps (DoorDash). When this sector contracts, recession risk reads higher in the macro stack 2-3 quarters out.