The faltering rally is in keeping with the view of Morgan Stanley economists that household spending probably can’t sustain the surprising strength of the first three quarters, the strategist said.
“This price action is picking up on slowing consumer spend, student loan payments resuming, rising delinquencies in certain household cohorts, higher gas prices and weakening data in the housing sector,” he said.
Belgique Dernières Nouvelles, Belgique Actualités
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