We Got More Signs Of A Weakening Economy - Here’s How To Play It -

We Got More Signs Of A Weakening Economy – Here’s How To Play It

Sep 05, 2024Jeremy ParkinsonFinance, No picture0

Image Source: UnsplashData-focused investors and traders sat down to some of the softest hiring growth data in nearly four years today… and they reacted accordingly, sending stocks mostly lower.Weak jobs data adds up to a weak consumer finance sector. At the same time, as the numbers get worse, we’re seeing some consumers tighten their belts, which is taking consumer discretionaries down.Of course, not everyone’s gotten the memo. Millions of consumers that aren’t belt-tightening are racking up record-high levels of credit card debt.What to make of it all? Well, that’s what we’ll talk about in tonight’s video.We’re going to look at two key consumer finance companies, including CapitalOne Financial (COF), and how they’re stacking up against the Select Sector SPDR Consumer Discretionary ETF (XLY).Let’s dive right in…Video Length: 00:11:27More By This Author:The S&P 500 Is Trying To Hold It Together, But The Odds Are Stiff
September Is Showing Us Just How Rough It Can Be
Get Ready: We’re In “The Suck” Before The Storm