Reported 11 months 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