‘Earnings growth recession’ may lie ahead – wealth manager
With earnings season winding down, Loreen Gilbert, CEO of WealthWise Financial Services, notes that “we did have negative year-over-year earnings growth – and that was the first quarter that we’ve seen that in quite a while.”
Stocks close out weak Feb. as Fed concerns remain
U.S. stocks closed out February in subdued fashion and each of the three major indexes ended with monthly declines, as investors continue to assess whether interest rates will remain high for an extended period of time.
Rising debt levels show ‘cracks’ in consumer – wealth manager
Loreen Gilbert, CEO of WealthWise Financial Services, says that while consumer spending remains strong, it won’t last as job losses mount and compound alraedy rising levels of personal debt, which will eventually lead consumers to hit a “brick wall.”