IMCV - ECRI: The Consumers That Drive 70% Of Economy Are In Trouble

November, 19 2021 03:20 AM iShares Morningstar Mid-Cap Value ETF

According to economic forecaster Lakshman Achuthan, Wall Street is ignoring a striking consumer spending slowdown that will translate into an underwhelming holiday season.
While services were closed and stimulus cheques enabled a burst of goods’ spending and financial speculation, retail sales, durable goods, stocks, corporate profits and home prices all soared. Real wages have not.
A higher cost of living for crucial items like shelter, fuel, food, and transportation is naturally crimping spending ability.

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Company Name:	iShares Morningstar Mid-Cap Value ETF
Stock Symbol:	IMCV
Market:	NASDAQ