Expect a slowdown in spending until unemployment the unemployment rate peaks, says Dominick Gabriele. He and Michael Miller discuss the outlook for credit card stocks. They preview Discover Financial (DFS) which reports earnings today, January 18th, postmarket. They also note that they see loan growth slowing heading into 2024. They then go over how credit card stocks will fare in a recession. Tune in to find out more about the stock market today.
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