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Weekly Market Impact

Jun 27, 2022

Consumers have recently been put under pressure due to inflation which has impacted Americans from the gas pump to mortgage rates. This week Phil discusses consumer expectations for the remainder of the year and why any moderation in rising prices can have a profound impact on the economy and stocks. With recession talks looming, Phil expands on how the current environment is very different from 2008 (the last time we saw a prolonged recessionary situation). Phil also discusses how this supports a positive view on equites moving forward. With stock prices trading near their 10 year historical average price to earnings (P/E) ratio investors can buy stocks at a large discount in an economy that is still fundamentally strong.