Closing Bell Overtime: Stocks Sink in Final Hour of Trade 2/16/23
Closing Bell
00:00
Consumers Can't Hang On
"I don't think we've seen a fundamental new driver of the consumer," he says. "We're in an environment where rates are high, where we're actually seeing a fiscal drag" The stimulus tracks are starting to be eaten into by higher credit card usage and auto delinquencies,. He doesn't know if that's going to be durable for next several months.
Play episode from 33:12
Transcript
