Lower-Income Consumers Are Starting To Feel The Pinch

The rotation of trillions from consumers to central banks has weakened the transmission mechanism of monetary policy, notes Ben Kirby. He discusses growing your portfolio in a high rate environment. He talks about how lower-income consumers are starting to feel the pinch. He goes over how valuations are attractive after the recent pullback and there is currently a compelling entry point for dividend investors. He then outlines his stock pick TotalEnergies (TTE) which is a beneficiary of energy volatility via its leading position in liquid natural gas. He then looks at his other stocks to watch including Yum China (YUMC) and BNP Paribas (BNPQY). Tune in to find out more about the stock market today.