Reported 11 months ago
Nancy Tengler, CEO and CIO of Laffer Tengler Investments, discusses the need for a market correction to clear out market 'rubble' and create opportunities for long-term investors. She advises focusing on 'old economy companies' with long-term potential, such as Walmart, emphasizing the importance of companies that have successfully pivoted. Tengler downplays the impact of Federal Reserve policy and expresses concerns about the financial state of low- to mid-income consumers in the current economic climate.
Source: YAHOO