The S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) are extending their gains Tuesday morning as stocks rebound from early August woes and investors digest this...
as stocks rebound from early August woes and investors digest this month's strong economic data. However, with ongoing uncertainty in the market, Insigneo Chief Investment Officer Ahmed Riesgo joins Morning Brief to share his outlook.due to job stability, but warns that if unemployment rates continue to rise,"we think the US consumer, unfortunately, will falter."
We know that the US consumer is doing ok, but the US consumer is doing ok because they still have a job. But labor demand, which is a more pure indicator of precisely what the demand is for workers that is continuing to drop. So as that would translate into the consumer mindset and any consumer confidence, where are the first areas that you would suspect to be the weakest if we do see a major shift in the employment situation.
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