A notably conservative panel Kevin O’Leary, Kevin Hassett, and John Carney discuss inflation, bank failures and credit card delinquencies.
They attribute seasonal issues and the possibility of trend reversal to these issues, but note ongoing struggles like a capex slowdown and small business borrowing challenges. They also discuss rising credit card and automobile loan delinquencies as potential indicators of economic instability. O’Leary also rings alarm bells about student loan delinquencies despite low unemployment. The conversation shifts to the White House’s earlier data release to influence markets and investing in midcap stocks in the Russell 2000 due to potential deregulation. Despite economic concerns, O’Leary remains optimistic and advises staying long on equities, believing the Fed won’t cut interest rates until May.
