22.8 C
New York
Tuesday, May 19, 2026

Consumers have spent all of their excess savings from the pandemic. That’s just one reason why stocks are poised to fall, JPMorgan says

A weakening consumer is just one reason why the stock market is poised to continue its decline, according to JPMorgan’s Marko Kolanovic. In a Thursday note, he said consumers have spent down the entirety of their excess savings from the pandemic, which at one point totaled more than $2 trillion. …

This post was originally published on this site

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

149,012FansLike
396,312FollowersFollow
2,680SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x