The Pitch – Do you think the economic rally has stalled?
Jennifer McClelland | RSS | 1 Comment
Do you think the rally has stalled?
Question:
The stock market really hasn’t moved too much one way or another for a few weeks. Do you think that the economic rally has stalled?
Answer:
I think that it has stalled for now, but that could be due to the poor reports coming out about unemployment. If you look at other factors such as retail sales (which were up for the past month) then the economy is doing a bit better in the way of consumer spending.
I think over the next few months, the rally will continue but it will be more gradual.
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Tags: rally, consumer spending, unemployment
Eureka from Deed of trust | Wed, Nov 11 2009
The only way to draw any conclusions is to follow the current spending season of this year end; what are the major corporations reporting, is it indicative of any improvement or not, etc.
With latest figures showing a 10% jobless rate in the US, I would guess that the answer will not be that encouraging.