Have you ever contemplated the resilience of consumer spending in a slowing economy? Prepare to be enlightened as we explore this conundrum with Megan Horneman, our Chief Investment Officer. Megan takes us on a journey through the latest retail sales report for June, illuminating the surprising strength of consumer spending, particularly in discretionary items like furniture and electronics. She further sheds light on the significant increase in internet shopping during this period.
However, this journey isn't just about the sunny side. Megan issues caution, reminding us that one month's data doesn't set a trend. She ventures into the stormy seas of mounting credit card debt, high credit card rates, and the looming dread of repaying student loans. Couple these with an economy that's losing steam, and we could see a squeeze on consumers in the coming months. Megan also raises thought-provoking points about the retail sales report, notably its lack of inflation adjustment, which paints a slightly different picture of real personal spending. Join Megan for this insightful economic analysis and let us know your thoughts and queries via podcast@verdence.com.
https://youtu.be/K8iQzWW_sbo
Disclaimer: material was prepared by Verdence Capital Advisors, LLC (“VCA”). VCA believes the information and data in this document were obtained from sources considered reliable and correct and cannot guarantee either their accuracy or completeness. VCA has not independently verified third-party sourced information and data. Any projections, outlooks
or assumptions should not be construed to be indicative of the actual events which will occur. These projections, market outlooks or estimates are subject to change without notice. This material is being provided for informational purposes only and is not intended to provide, and should not be relied upon for, investment, accounting, legal, or tax advice. Past performance is not a guarantee of future results. Different types of investments involve varying degrees of risk, and there can be no assurance
that the future performance of any specific investment, investment strategy, or product or anynon-investment related content, made reference to directly or indirectly in these materials will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. You should not assume that any
discussion or information contained in this report serves as the receipt of, or as a substitute for, personalized investment advice from VCA. Due to various factors, including changing market conditions and/or applicable laws, the co...
