This week, Brian first talks about how stocks have rallied back nicely over the past couple of weeks, with the S&P 500 up more than 10% off its March 14 low. While some would suggest that the market is sniffing out a potential compromise to end Russia’s military aggression in Ukraine, which is certainly possible, that’s probably not the whole story. Corporate profits may be another element of the bulls’ thinking in driving the latest rebound.
Next, Brian discusses how the Conference Board has downwardly revised four of the last five months, indicating a deep crack in consumer confidence. Consumers are feeling the headwinds from lingering supply constraints, rising rates, and persistent inflation, causing an economic "yellow light" of caution to flash.
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Music:
Cold Funk - Funkorama by Kevin MacLeod is licensed under a Creative Commons Attribution license. Source. Tracking ID: 1-05262944, 1-05262738
