Chief Market Strategist Ellen Hazen, CFA, Featured on Bloomberg TV

July 21, 2022
Chief Market Strategist Ellen Hazen, CFA, appeared on Bloomberg TV to discuss the current bear rally as well as consumer spending.  Ellen commented….

“At the end of the day the US economy is slowing – and if the Fed continues to raise rates in the face of this, then the bear market rally will fall apart when it hits resistance.”

“The health of the consumer is the most important thing. Credit volume growth is outstripping debt volume growth. In other words, people don’t have the money in their bank accounts so their switching to credit. That hadn’t been true during the pandemic.”

“The big positive in the room is the unemployment rate.  The fact is, 3.6 is so low, the Fed can afford to let it tick up a little bit before they pull back.  It’s a positive sign.”

To watch the full segment click here.


Disclosures

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