The consumer is strong, but weakening: Cantor's Eric Johnson

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  • เผยแพร่เมื่อ 8 พ.ค. 2024
  • Cantor's Eric Johnson, Payne Capital's Courtney Garcia and Invesco's Brian Levitt, join 'Closing Bell' to discuss markets, PCE, potential for rate cuts, and the state of the consumer.

ความคิดเห็น • 30

  • @shellywhite2145
    @shellywhite2145 12 วันที่ผ่านมา +187

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      @PspTomisi 12 วันที่ผ่านมา

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      @PspTomisi 12 วันที่ผ่านมา

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    • @shellywhite2145
      @shellywhite2145 12 วันที่ผ่านมา

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  • @dougmanzo9648
    @dougmanzo9648 12 วันที่ผ่านมา +8

    Eric the hair My man! My number one bear

  • @orlandovelastegui1391
    @orlandovelastegui1391 12 วันที่ผ่านมา +2

    Garcia is right !!! I’m not buying Clothing but, I have one Trip in Memorial Day Weekend and 4th of July weekend and hopefully I can go away also on Labor Day weekend.

  • @mmercato7174
    @mmercato7174 12 วันที่ผ่านมา +6

    He is a good bottom indicator. Always bearish at the wrong time

  • @dougmanzo9648
    @dougmanzo9648 12 วันที่ผ่านมา +4

    Consumers are running out of gift cards. Forgotten gift cards in a drawer are the new saving tin foil

  • @nickvin7447
    @nickvin7447 12 วันที่ผ่านมา +5

    Consumer debt is strong.

  • @alexproctor9765
    @alexproctor9765 12 วันที่ผ่านมา +5

    These guests have it all wrong. All wrong. Why are they being interviewed?? Rent is eating more and more into after tax income. Currently in California over half of all renters are paying 40% or more of monthly income towards rent. Gas is almost $5 a gallon for regular unleaded in Las Vegas. Car insurance has almost doubled for people in the last year, food prices especially at restaurants are still much higher than a year ago., overall credit card debt is sky high. Those high rents do more harm than just eat into disposable income it prevents renters from being able to save for down payment or fund their Roth IRA's. Fiscal and Monetary policy failed average Americans and now those average people have to pay the price. It is wrong. The Fed should have taken the Fed Funds Rate to 7% and reduce its balance sheet much more. Congress should return spending to pre Covid levels instead it is a trillion dollars higher. Shame on our failed leadership. Can we get some guests on this show that more in touch with reality instead of just cheering for more nominal growth. Purchasing power should be the focus.

  • @bdouble3944
    @bdouble3944 12 วันที่ผ่านมา +3

    Eric been bearish sense 3800

  • @IproPvP
    @IproPvP 12 วันที่ผ่านมา +3

    said the same thing when we bottomed in late 2023 lol

  • @grandmiserthe3rd434
    @grandmiserthe3rd434 12 วันที่ผ่านมา +3

    " Goalposts " on wheels .....!!!

  • @MatthewMS.
    @MatthewMS. 12 วันที่ผ่านมา +1

    Things are good. (Edit: equity market conditions in general).

  • @keimo2007
    @keimo2007 11 วันที่ผ่านมา

    Did he went from bear to bull during recent dip?

  • @erichvonmolder9310
    @erichvonmolder9310 12 วันที่ผ่านมา +1

    Just hold and don't get involved in what the market will do or not do, because you will be wrong. Overthinking the market is not for us regular retail ETF/Mutual investors, I've made that mistake. If you are a Trader do whatever you do to make a living, but I do not want to be dragged into your gambling world, which is exactly what it is.

  • @royprovins7037
    @royprovins7037 12 วันที่ผ่านมา

    Eric was predicting rate cuts in March........of last year

  • @robschild.
    @robschild. 12 วันที่ผ่านมา

    Brief sigh of relief before the run to safety sets in. Clowns are the ones cheering right now unless you're long bonds.

  • @mmercato7174
    @mmercato7174 12 วันที่ผ่านมา

    He still works in financials ???

  • @Haze508
    @Haze508 12 วันที่ผ่านมา

    I will never understand. How are you going places without buying stuff lol

  • @jacqueslucas8616
    @jacqueslucas8616 11 วันที่ผ่านมา +1

    Oh god, consumer is not strong…..savings rate down to 3.2%

  • @teebone2157
    @teebone2157 10 วันที่ผ่านมา

    These idiots think a 3 and a 1/2 % savings rate is considered high. This country doesn't even save money. Which is why people are always in trouble financially.

  • @chrisadams27
    @chrisadams27 11 วันที่ผ่านมา

    If Eric has been managing your money over the last 2 years you've done terribly

  • @waltertodd4479
    @waltertodd4479 12 วันที่ผ่านมา

    Hahahahaha the consumer is weakening from a banker and wall street opinion. What do bankers and wall street boys really know about the poor? They have no clue.

  • @pjcanseco2590
    @pjcanseco2590 12 วันที่ผ่านมา

    If you're going to publish the guy's name, the least you could do is bother to spell it correctly. Come on.

  • @keto6789
    @keto6789 11 วันที่ผ่านมา

    This guys always wrong