1 Bloomberg: “Without question, November has been a huge ‘negative’ #wealth-effect hit, particularly in those ‘ #storystock’ thematic sectors so popular with retail,” said Charlie McElligott at Nomura. 🧵 #markets #stocks #stockmarkets

Moody’s Analytics Chief Economist Mark Zandi warns that a prolonged US stock market correction could swiftly erase the wealth effect, threatening economic growth and exposing vulnerabilities amid renewed US-China trade tensions and policy risks.
#YonhapInfomax #MarkZandi #Moody’sAnalytics #WealthEffect #USStockMarket #GDPGrowth #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=85386

US stock market plunge triggers wealth effect concerns, potentially impacting consumer spending and economic growth as high-income households tighten purse strings
#YonhapInfomax #WealthEffect #StockMarketDecline #ConsumerSpending #HighIncomeHouseholds #EconomicGrowth #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=54341