Factors That Could Be A Tipping Point For Consumers

Earnings have been better than predicted so far in 2023, notes Jimmy Lee. He discusses factors that could be a tipping point for consumers. He talks about how we are close to tipping the consumer into a less healthy position where they may not want to spend until interest rates go down. He also goes over how recent big bank earnings and positive results from the stress tests showed that the banking system is still healthy. He looks at some investment strategies for consumers. He says that the way to play this market is to be longer duration than most are in fixed income and stay high quality. He also highlights how the magnificent seven stocks can factor into a barbell portfolio. Tune in to find out more about the stock market today.