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Weak consumer spending is overtaking the coronavirus as the biggest market risk, Crossmark's Victoria Fernandez suggests

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This may be overtaking the coronavirus as the market's biggest risk (via TradingNation)

According to Crossmark Global Investments' Victoria Fernandez, weak consumer spending is the biggest threat to the recovery — especially as social unrest grips the nation.

She's concerned protests turning violent across America are exacerbating the situation by putting pressure on newly opened businesses.

 

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TradingNation Well when you have people afraid to shop due to looters spontaneously showing up, and no signs of stimulus checks people get tight with their cash.

TradingNation Stores aren’t really open yet

TradingNation CNBC I don't think you get it yet. You could post a headline that says every major city in the United States got nuked and the market would be up 20% the next day.

TradingNation Riots?

TradingNation Told ya in March.

TradingNation Isn’t the weak consumer spending caused, in large part, by the coronavirus?

TradingNation Whatever the market will go up and the P/E for at least 2 years will be double of normal.

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