I think you're seeing some movement on the retail sales and oil, but I don't think it's meaningful. I still think this market will grudgingly go up. |
I've been reasonably optimistic that we can get back to high single-digit growth in the stock market by year's end. Valuations are such at this point that I don't really see a lot of downside risk. |
This raises the risk that we could turn over into a consumer-led recession sometime next year. |