Perspectives: Episode 60 – Burrito please but hold the $US1.95 guacamole

In this episode, Escala Partners CIO, Tracey McNaughton, shares her views on how US consumers are adapting to the higher inflation environment. Earnings season is about half way done and while earnings expectations have been cut, more is likely as the economy slows further. Which is why the rally in markets last week should be treated cautiously.   (0:54) - Let's talk about the Federal Reserve meeting and the market reaction. (3:15) - The debate circulating in the market now is: will this positive sentiment and momentum continue? (8:17) - The other debate circulating the market is whether the US economy is already in recession. You believe we are already there. (11:38) - How it is possible to have a recession when the unemployment rate is so low? (12:52) - We are about half-way through US earnings season. Anything further to report there?