Olive Garden and McDonald's Sales Reflect Economic Trends Amidst Soft Patch
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As the holiday season approaches, there are signs of a cooldown in economic activity. Mish Schneider, chief strategist at MarketGauge.com, analyzes the flow of goods and services from producer to consumer to gauge the health of the US economy. She focuses on transportation, small caps, and retail sectors, using ETFs tied to each sector. The Russell 2000 index, seen as a barometer of the US economy, has been on a losing streak, and conflicts like the Israel-Hamas and Russia-Ukraine wars are contributing to cooling investor appetites. Industrial manufacturing and transportation sectors are slowing down, and retailers are beginning to falter due to inflation and high rates. However, retail might still save the holidays, as consumers with pandemic-era savings could prop up economic activity. S...
#newstr #OliveGarden #Mcdonald's #Sales #Economy #ConsumerSpending