Reported 1 day ago
Analyst Cameron Dawson from NewEdge Wealth highlights the resilience of consumers as a driving force behind current market dynamics, indicating a 'risk-on market' mentality. With discretionary stocks outperforming staples since early 2023, consumer spending confidence is evident. Dawson notes that if this trend reverses, it could signal a decline in consumer economic resilience, but for now, the market reflects strong consumer confidence.
Source: YAHOO