This Rally Is Not Sustainable

Schwab Network

English - December 05, 2022 21:18 - 6 minutes - 72.1 MB - ★★★★★ - 23 ratings
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Leading indicators are not supportive of a sustainable rally, says Kevin Gordon. He discusses how the Fed needs to fight the uptick in economic growth - consumption is expected to grow by 2.2%. He notes that better employment data doesn't guarantee a soft landing, and value-oriented leadership in stocks is at risk of reversing. He also forecasts the Fed's response to a strong labor market. Tune in to find out more about the stock market today.