Earnings guidance could be major indicator for US consumer

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 38 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 39%
  • Publisher: 63%

Matt Maley News

Miller Tabak,Consumer Health,Interest Rates

Stocks (^DJI, ^IXIC, ^GSPC) are trading higher at Tuesday's market open, boosted by June's retail sales data and second-quarter earnings beats from Bank of...

). To shed light on what these figures reveal about consumer health, Miller Tabak managing director and equity strategist Matt Maley joins The Morning Brief.He notes while markets want lower interest rates, such a decrease could be problematic if it signals an economic slowdown.

Well, I mean, one of the things of course is that people have been starting to worry a little bit about the consumer and, and how uh how strong the consumer is. Well, I mean, one of the things that uh you know, needless to say the consumer is so incredibly important, 70% of our economy. Uh It's gonna be tough if we don't see uh future earnings forecast pick up uh to kind of bring that pe ratio down a little bit.

And uh and we also have to wonder, II, I must admit, II, I, you know, Sunday, we were, you know, everybody was talking about on the political side of things that, oh, Biden's gonna be the nominee.Um But thankfully, uh uh uh no, you know that, well, somebody did lose their life, which I'm sorry to say.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nike earnings on tap, Wall Street eyes Biden-Trump debate: Yahoo FinanceStocks (^DJI, ^IXIC, ^GSPC) are holding steady Thursday afternoon as markets weigh new jobless claims and GDP data ahead of tomorrow's Personal Consumption...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stocks mixed at open, tech sector under pressureIt's the final trading week of June and stocks (^DJI, ^IXIC, ^GSPC) open the Monday session mixed with the Dow Jones Industrial Average leading the charge...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Wall Street eyes PCE data, Bitcoin slumps: Yahoo FinanceStocks (^DJI, ^IXIC, ^GSPC) open the week mixed, with investors looking ahead to Friday's PCE report for clues about possible Federal Reserve rate cuts...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Utilities and AI, Biden's no-recession term: Market DominationIt's full steam ahead for stocks (^DJI, ^IXIC, ^GSPC) seeking to close out the day after taking in Thursday morning's Consumer Price Index (CPI) report for...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »