The market is reacting more to PCE data than sentiment, says Mark Falter. He talks about how the Dow Jones Industrial Average on pace for its fourth-straight losing week. He discusses how consumer sentiment won't take a hit until stocks are down more than 10%. He notes that market concern is more about structural inflation now. He then goes over how Fed tightening will impact the markets. He then goes over his stock picks which include Brown-Forman (BF/B) and Public Storage (PSA). Tune in to find out more about the stock market today.
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