Reported 2 months ago
In a recent Market Domination Overtime segment, Eric Freedman, chief investment officer at US Bank Asset Management Group, presented three main reasons why the S&P indices are expected to remain steady despite recent volatility. First, he believes consumer spending will persist even with a slowdown, especially with differing patterns between lower and higher-income consumers. Second, corporate capital expenditures, particularly in sectors like AI and data analytics, are likely to stay strong. Lastly, the market is currently in a holding pattern as it anticipates clarity from upcoming elections and economic reports.
Source: YAHOO