The American consumer is proving more resilient than predicted according to the Los Angles Times. “Its a shift away from vacations. Its a shift away from dining out. Its a shift away from apparel purchases. Its those dollars that you may have invested in those things that now you’re spending on your home and in some cases out of necessity like trying to create a more functional environment” according to Marvin Ellison, Lowe’s Chief Executive. To read the full article in the Los Angeles Times CLICK HERE.
Consumers prove resilient despite virusAugust 21st, 2020The global economy took the elevator down, it may take the stairs back up.July 6th, 2020
Want to learn more? CLICK HERE to view the entire article on Bloomberg or give us a call. We’d be glad to share with you our opinion. Sagent Wealth Management, Experience, Wisdom, Judgement U.S Hiring SlowsJune 10th, 2019
As reported by the Wall Street Journal, “The employment figures add to other data depicting an economy that is still growing, but is losing momentum after the first quarter of 2019 and last year. ” Although many suggest that this and other economic data lends credence to the theory that the Federal Reserve will be forced to lower the Fed Funds rate later this year, the bigger question is if the Feds were to take such action would it stave off a recession? Something I am somewhat skeptical of. Interested in more on this subject and how it may affect your investment portfolio. Contact us HERE. Home prices fall in Southern California for the first time in 7 years.May 7th, 2019
Contact us today if this is a topic that you would like to discuss further. To view the entire Los Angels Times article please Click Here. |