Reported 14 days ago
In a recent interview, NFJ Investment Group's Burns McKinney discussed the current state of the market, highlighting a disappointing September Consumer Confidence reading of 98.7, well below the expected 104.0. He attributes this dip to rising prices, inflation, and a softening job market, as more workers enter the job market without enough openings. Looking forward, McKinney warns of ongoing market volatility driven by uncertainties like the upcoming election and geopolitical risks, suggesting that investors prioritize dividend-paying stocks for stability.
Source: YAHOO