Inflation Affecting Corporate Guidance

We have seen a lot of negative guidance coming in so far especially for the second quarter, says Michael Zarembski. He says the retailers got caught up in the shift of consumer preferences and a change in spending patterns, as well as supply chain issues causing excess inventory. He thinks it will take a few quarters for retailers to get back on the right side of consumer demand. He thinks the second quarter will be key to watch for the effects on inflation. Jobless claims data to be released this morning. Michael and Ben discuss the potential for the job market slowing down. Tune in for the full discussion.