As the third quarter earnings season kicks off, Apollo Global Management chief economist Torsten Sløk joins Market Domination to break down what he expects...
As the third quarter earnings season kicks off, Apollo Global Management chief economist Torsten Sløk joins Market Domination to break down what he expects this time around.), generally own their home," and have high levels of cash flow. However, lower-income households are struggling as delinquency rates rise for credit cards and auto loans. In addition, low-income households are either low or out of savings while high-income households are seeing a rise in their prospective savings.
Ultimately, Sløk expects corporate earnings to continue to do well during the third quarter earnings season.I'm I'm curious as we head into this new earnings season here, Um, broadly speaking, how does the consumer look to you, Torsten, You know, last earning season.
The level of cash flow and the level of yields remains very high relative to what we've seen in the last 20 years. There is no similar shock that's creating a sudden stop in consumption for So a sudden stop in Capex spending for firms so broadly speaking in particular with the Fed now cutting rates, the tail wind from a i the tail wind also very broadly speaking, of course, also from the energy sensation.
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