Listen To The CEOs, They See A Recession

Consumer confidence and spending remaining strong, says Jason Bottenfield. He analyzes market conditions in 2023. He talks about how CEOs are reporting marginal signs of a recession in their business units. He notes that technically, we are seeing the 2022 S&P 500 downtrend flattening out. He mentions that personal savings are declining due to inflation remaining sticky. He also talks about how he thing the Fed is not going to let inflation flare back up in 2023 (they will watch PCE numbers). He then goes over how consumers are behaving during inflationary times. Tune in to find out more about the stock market today.