Micron Shares Rising, Nike Earnings on Tap, and Virgin Galactic’s Commercial Launch 6/29/23
Morning Call
00:00
The Fed's Tightening Is Having an Effect on Consumer Spending
The credit cycle and credit crunch is something that's playing out not just among the retail consumer spending side of things, but also in the way that the market perceives it. As a long-term investor, we think AI definitely has a play in long-term markets. At the current valuations, we anticipate some downside because it is frothy, as you said, and behaving somewhat bubble-like.
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