equities (^DJI, ^IXIC, ^GSPC) are trading mixed after June’s consumer sentiment data hit its lowest level since November, raising concerns about industry dynamics. CFRA Research chief funding strategist Sam Stovall joins industry Domination to discuss industry outlooks and recession fears. Stovall is concerned that markets may have “to endure another decline” before the end of the year. He notes that in the first quarter, markets experienced one of the best performances since World War II. Historically, years with such strong starts have seen a significant downturn of 5% or more, with an average decline of 12.5%. However, Stovall highlights a silver lining: historically, the following year sees substantial industry gains. Though with much of the recent industry gains driven by the tech sector, Stovall worries, “How long can this jumbo jet fly on only one engine?”
#youtube #news #financial
About Yahoo financial:
Yahoo financial provides free stock ticker data, up-to-date news, collection of investments management resources, comprehensive industry data, advanced tools, and more information to help you manage your financial life.
– Get the latest news and data at financial.yahoo.com
– Download the Yahoo financial app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
– Follow Yahoo financial on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/firm/yahoo-financial
Disclaimer:
If you own the YouTube channel related to this video and do not want it to be featured here, you can contact us through our contact page. We will gladly remove it without questioning your reasons.