Reported about 1 year ago
Nancy Tengler, CEO of Laffer Tengler Investments, discusses the US adding 272,000 new jobs in May, with average hourly earnings increasing while personal savings rates decline. Tengler notes a 'tale of two cities' in the retail sector, highlighting the impact of inflation on lower-end consumers. She also comments on market volatility due to algorithms and hedge funds, seeing opportunities to buy low amidst the swings. Tengler emphasizes paying attention to long-term trends despite daily market fluctuations.
Source: YAHOO