May 24, 2024

Rise To Thrive

Investing guide, latest news & videos!

Goldman Sachs Analyst Says Consumers Under Severe Pressure as Stagflation Intensifies

1 min read
Goldman Sachs Analyst Says Consumers Under Severe Pressure as Stagflation Intensifies
Goldman Sachs Analyst Says Consumers Under Severe Pressure as Stagflation IntensifiesGoldman Sachs analyst Scott Feiler warns of a bleak outlook for consumers as stagflation looms, with a bearish stance on consumer cyclicals and defensive stocks. Amidst the administration’s troubled Bidenomics, heavily indebted consumers face mounting pressures as pandemic savings dry up and economic growth falters. “Our desk is getting bearish on consumer and our soft […]