"Almost no matter how you want to play the consumer story, it's clear that consumers are actually more confident in this market than investors are."
Mary Ann Bartels of Bank of America echoes Nadig's positive sentiment about the sector. She said that "despite all the volatility and trade noise that we've had, consumer confidence has remained very high." But while Bartels sees no threats for the sector, Nadig cautions that the emergence of tech names in the consumer discretionary ETF could make things more volatile.
"We don't get the things like Facebook necessarily that we get in some of the more tech-y plays, but there is a lot of tech baked into what we see in consumer discretionary now," Nadig said. "So I wouldn't expect the sector to be immune from volatility at all."
So CNBC posts this story within minutes of posting an article titled “Companies are warning that earnings results are going to be brutal”. Try as they might, the MSM hasn’t been able to stop the economic turnaround under realDonaldTrump.
We've traded patriotism and honor for $$$
Yes- because the consumer with RECORD DEBT, RECORD DEFAULTS, RECORD Car payment delinquencies, RECORD RENTS (but there's no inflation) and low earnings is so healthy. There is absolutely ZERO link from insane WallStreet BigFatUglyBubble to reality.
Customers are now more confident than investors. Consumer confidence is at an all time high and these idiot Democrats want to go full blown socialist. How dumb do you have to be to buy their BS?
Do a majority of experts ever see a downside in stocks.
Thanks Trump!
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Source: CNBC - 🏆 12. / 72 Read more »
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