Consumers remain gloomy on the economy, but spending has stayed resilient despite higher interest rates and gas prices, Sam Ro says. He also notes S&P 500 earnings estimates have been upgraded each quarter over the past year, reinforcing that disconnect.
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Consumers remain gloomy on the economy, but spending has stayed resilient despite higher interest rates and gas prices, Sam Ro says. He also notes S&P 500 earnings estimates have been upgraded each quarter over the past year, reinforcing that disconnect.
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