Scott Feiler

Scott Feiler, a consumer sector specialist at Goldman Sachs, joins to analyze the current state of US consumer spending. He shares insights on deteriorating consumer sentiment and mixed earnings reports impacting various demographics. Scott predicts strong turnout for Black Friday despite inflation concerns, as consumers prioritize events over traditional goods. He discusses the convergence of goods and experiences, highlighting softening trends in travel and dining. Finally, he advises focusing on defensive discretionary stocks like off-price and auto retail for year-end resilience.

In this discussion, Scott Feiler, a Consumer Sector Specialist at Goldman Sachs, teams up with Equities Sales Trader Mike Washington. They dive into the recent dip in consumer confidence, examining factors like election cycles and corporate trends. The pair highlights stark spending differences among various income groups and anticipates shifting habits in middle-income consumers. They also touch on holiday spending predictions and investor interests in consumer sub-sectors, including innovative stocks in housing and apparel.

Consumer sector specialist Scott Feiler discusses the state of the US consumer market, delving into rising rates' impact on spending, differences in income demographics, growth in travel and services sectors, revival of apparel trends, influence of labor market on lower-end consumers, earnings season expectations, investor behavior in consumer stocks, and the significance of top-line performance for stock market rewards.