Bloomberg Intelligence
US Retail Sales Strengthen
Dec 17, 2024
Dana D'Auria, Co-Chief Investment Officer at Evestnet, shares her insights on the robust U.S. retail market and the implications for investment strategies. She discusses the strong consumer spending seen this holiday season and its effects on retailers. The conversation also touches on navigating credit risks, defensive investment strategies amidst recession signals, and the recent dynamics in the offshore oil and gas sector. D'Auria highlights the importance of focusing on safer assets like treasuries while exploring the evolving landscape of Bitcoin.
24:27
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Quick takeaways
- Robust consumer spending, especially in vehicle purchases, has encouraged retailers to adopt a more optimistic outlook despite market challenges.
- Amidst equity market valuation concerns, analysts caution about potential overvaluation, particularly in technology, urging a defensive investment strategy.
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