We Have To Expect Lower Spending & Higher Chance Of Recession

We're really seeing a slowdown in terms of spending at the moment, which is really a bad sign moving forward because now we're going to have to expect lower spending and a higher chance of recession, says Tuan Nguyen. He discusses the takeaways from today's economic data, and examines the state of the consumer. He also talks about recession expectations for the rest of the year, as well as jobless claims for the week of October 22nd. He then monitors recent trends in housing data. Tune in to find out more about the stock market today.

Trading 360

27 Oct 2022

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