Our Outlook for Consumer Stocks
Can there be green shoots without consumer spending?
Discussions of green shoots and improving second derivatives appear to have stirred consumers from hibernation but haven't quite pulled them out of the cave. Partially driving recent optimism is massive stimulus spending, which has dramatically reduced the extreme downside economic scenario that seemed imminent a few months ago. Now the question is: Where do we go from here?
Joel Bloomer does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.