The consumer has more spending money, says Eddie Yoon. He and Diya Iyer discuss the takeaways from today's consumer sentiment data. Eddie also notes that airline travel was a winner and airline passenger travel has finally grown since 2019. They go over how consumer are battling inflation. Diya says that the state of the consumer is challenged for 2023 amid persistent inflation. She also mentions that discretionary spend on apparel, home, and electronic will continue to remain pressured. Tune in to find out more about the stock market today.
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