The reaction to retail earnings this week may be too bearish on the state of the consumer, says one investing expert. “Candidly, I think some of the read on the retailers is more pessimistic on the state of the consumer than what our data shows,” Andy Sieg, president of Merrill Wealth Management, told Yahoo Finance Live on Thursday. “When we look at checking and savings accounts across Bank of America, we see our client base, which is 67 million households across the U.S. in strong… Source link
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