Wall Street Strategies
Hello! Sign in or Register


Take a Free Trial
Try Charles' premium stock selection services free for 7 days. Check it out in real time!
You will get actionable advice, trading ideas and email alerts.

Morning Commentary

Riding The Wealth Effect
By Charles Payne, CEO & Principal Analyst
3/8/2017 6:00 AM

The market is soaring as U.S. consumer and business sentiment soars, which are the key ingredients in the so-called "wealth effect". Feeling prosperous and acting prosperous are two different issues underscored by the fact that folks didn’t spend money during the record-breaking rally under President Obama.

Even plunging gas prices didn’t move the economic needle; on the contrary, shelved construction work and job layoffs had a net-negative impact on the overall economy.

One of the dirty little secrets is that most American households have more cash after expenses (real disposable income of $39,430) than at any time in American history. 

Rich people are spending money in part because they believe lower taxes are coming and they are making more money

Click here to download my free report of three stocks to own for the “Real Wealth Effect’. 

Don't have a password? Click here to register and get the report. 


 

Add a Comment!

Name:
Email:
Comment:
 
 
Submitted comments are subject to moderation before posting.


BLOGROLL
Differential Research


Home | Products & Services | Education | In The Media | Help | About Us |
Disclaimer | Updated Privacy Policy | Terms of Use |
All Rights Reserved.