HomeMarketsU.S. EconomyCasey: Tariffs ‘Stress Testing Consumer’ & Discretionary Spending

Casey: Tariffs ‘Stress Testing Consumer’ & Discretionary Spending

Mel Casey surveys the consumer discretionary sector, noting bad news from autos and cruise lines, but strength still in hotels. He thinks the negative GDP reflects pulled forward demand ahead of tariffs. Right now, he says it’s important to make sure no name dominates your portfolio, even if it’s strong. “We’re stress testing the consumer,” he notes, but thinks there’s still too much unknown.

Next Gen Investing

30 Apr 2025

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