The stock market has seen some recovery as inflation continues to cool, the job market remains resilient, and consumers continue to spend. Much of the sentiment for the market going into 2024 seems to be bullish, but rising credit card debt and resuming student loans repayments are worrying some investors.
Charles Schwab Chief Fixed Income Strategist Kathy Jones joins Yahoo Finance to discuss her thoughts on the performance of the market, how it relates to rising credit delinquencies, and what upcoming PCE data could mean for the market going forward.
We are starting to see some catch-up amongst smaller businesses that are financing at very high interest rates right now, 8%, 10%, etc., and have to roll over those loans at a pretty consistent... short-term basis," Jones explains. "One thing about the consumer we have to keep in mind is, as long as people have jobs they will continue to spend, it's just their ability to spend a certain amount at a certain pace that's probably going to slow down. "
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