This riveting episode features the keen insights of Megan Horneman, Chief Investment Officer for Verdence Capital Advisors. Brace yourselves as we dive headfirst into the rollercoaster ride known as the earnings season. Sure, the financial sector has outperformed expectations, but Megan cautions us that there's more lurking beneath the surface.
Ever wondered what Citigroup's alarming trend of increased credit card debt and delinquencies signals about the health of the economy? Well, it's time to pull back the curtain and reveal the hidden truths in the financial sector. With higher interest rates benefiting banks' net interest margins, the challenges faced by consumers in the wake of rising inflation are coming to the forefront. Stay tuned as we continue to decode the economic landscape through more earnings reports in the weeks ahead. Questions or comments? Don't be shy, reach out!
https://youtu.be/gdKdUvdRvXU
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