Why the consumer is ‘critical’ for investors to watch in 2023 as bear market ‘not yet complete
“The issue is that consumers are actually spending at a pace that is faster than their income growth, and have been for the last six or nine months,” said Bob Elliott, co-founder, chief executive officer and chief investment officer of Unlimited Funds, in a phone interview.
The “flood of money” into the bond market in recent weeks “would make a lot of sense if we were very close to a recession,” he said. “But we’re not close to a recession, based upon the labor market and consumer spending behavior.” Stocks and bonds have been battered in 2022 amid anxiety over the Federal Reserve’s decisions to raise interest rates in its battle to tame high inflation in the U.S. The Fed’s rapid pace of rate hikes has stoked fears that it may overtighten its monetary policy and cause a recession, though at least for now, the labor market remains strong.
That’s above the S&P 500’s SPX trading level of around 4,017 on Tuesday afternoon, as investors digested fresh data showing inflation in November was softer than expected, according to FactSet data, at last check.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Trim Pickings: 2023 Nissan Rogue vs. 2023 Toyota RAV4The base models of the Nissan Rogue S and Toyota RAV4 LE are priced within $255 of each other, making for very close competition. Both of these models are well equipped with feature highlights that include LED headlights, tinted rear windows, cloth upholstery, satellite radio, and Apple CarPlay and Android Auto compatibility. On the safety front, both SUVs include a forward collision warning with automatic emergency braking system and automatic high-beam headlights.
Consulte Mais informação »
Why the Rose Parade and Rose Bowl are on Jan. 2 in 2023In a day steeped in tradition, officials this New Year will again keep with another one: “Never on Sunday.”
Consulte Mais informação »
Why Nvidia is this analyst’s top stock pick for 2023Nvidia Corp.’s stock has had a rough year, shedding more than 40% so far in 2022 amid concerns about challenges in gaming and in China, as well as a large inventory write-down.
Consulte Mais informação »
2023 Golden Globes Nominations: How to WatchThe nominations for the 80th annual Golden Globe awards will be announced Monday morning.
Consulte Mais informação »
2023 Broncos Draft Picks Watch: Denver loses to Chiefs, Russell Wilson suffers scary concussionThe Broncos are eliminated from postseason contention.
Consulte Mais informação »
How to Watch the 2023 Golden Globe NominationsThe 2023 Golden Globes nominations will be announced early on Dec. 12, with George and Mayan Lopez of NBC’s “Lopez vs Lopez” presenting the nominees for each category from the Bev…
Consulte Mais informação »