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Bloomberg Businessweek
Gauging the Resiliency and Impact of the Consumer
Jun 28, 2023
Mark Smucker shares consumer concerns, Dan Morgan breaks down Micron Technology earnings, Anjee Solanki talks about retail real estate, and Jimmy Lee offers insights on market performance. Topics include consumer worries, General Mills' performance, trade tensions in the chip sector, gaming and AI chips, the state of the retail industry, creating community-driven spaces, Federal Reserve actions, and market opportunities in private credit.
36:52
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Quick takeaways
- CEO of Wealth Consulting Group, Jimmy Lee, remains optimistic about the US economy's prospects, believing that a recession can be avoided.
- Lee predicts interest rates to decline and advises investors to diversify their portfolios, including exposure to international stocks for better valuations.
Deep dives
Optimism on Avoiding a Recession
The CEO of Wealth Consulting Group, Jimmy Lee, remains optimistic about the US economy's prospects, believing that a recession can be avoided. He expects the Federal Reserve to stop raising rates as he anticipates inflation to come down faster than expected. Lee also highlights the $5 trillion in money market funds that could be injected into the economy, keeping it strong.
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