Darren13
2022-10-20

Technology & consumer discretionary companies may faced the most challenges in this environment: Orlando of Federated Hermes. With consumer spending such an crucial & essential factor in U.S. economic growth

It represents ~ 70% of GDP; with holiday season bears closely watching.

Concerned margins could be under an extraordinary amount of pressure too

1 cautionary sign: Walmart (WMT) plans to hire fewer seasonal workers during the holiday season than it did last year. 

It will also offer current employees extra hours before adding to staff.

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