Amy Wu Silverman on the K-shaped economy: Why weak confidence isn’t sinking stocks
Consumer confidence is down in the dumps, but does it matter in a K-shaped economy? RBC Capital Markets Head of Derivatives Strategy Amy Wu Silverman explains why weak sentiment hasn’t dented the hard data while high earners keep spending, and Slatestone Wealth Partner and Chief Market Strategist Kenny Polcari says the confidence numbers reflect people at the bottom of the K. Yahoo Finance Senior Autos Reporter Pras Subramanian joins the panel on rising Treasury yields, mortgage rates and whether housing prices need to reset.
00:00 Does consumer confidence matter in a K-shaped economy?
00:13 Hard data vs. soft data
00:45 Why the bottom of the K is frustrated
01:27 Does confidence move the needle for stocks?
01:49 Could the midterms change that?
02:17 Yields climb again, and why Bessent can’t control them
03:04 Mortgage rates and lost buying power
03:32 Is a housing price reset coming?
04:08 Rate hikes, the war and the demand for money
#KShapedEconomy #ConsumerConfidence #HousingMarket #MarketHang #YahooFinance
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