Where does the bear market go next?
After a weak quarter for stocks and bonds, what’s next for the future direction of the market?
The economic data last week were mixed but the underlying idea of a resilient consumer remains. Personal consumption expenditures (PCE), the broad measure of consumer spending, was strong despite higher costs and ongoing supply-chain difficulties while the price indexes showed some moderation in inflationary pressures. First-quarter GDP was revised a tad lower, while housing activity (new and pending existing sales) slipped further.
Nationwide’s Deputy Chief Economist Bryan Jordan and Senior Economist Ben Ayers discuss the stock market and its connection to the broader economy.
Listen here.
View our informative commentary on the economy and financial markets – and find out what we’re watching for the week ahead:
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