Reported about 1 month ago
As many investors hope for interest rate cuts by the Federal Reserve in September, Victoria Fernandez, chief market strategist at Crossmark Global Investments, expresses concern over the true resilience of consumers amidst economic uncertainty. While some retailers like Walmart report strong performance, she questions whether this reflects genuine consumer confidence or a shift in demographics, warning that a larger market pullback could be on the horizon despite current soft landing expectations.
Source: YAHOO