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U.S. stocks closed out February in subdued fashion and each of the three major indexes ended with monthly declines, as investors continue to assess whether interest rates will remain high for an extended period of time.\u00a0<\/p>\n
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Loreen Gilbert, CEO of WealthWise Financial Services, says that while consumer spending remains strong, it won’t last as job losses mount and compound alraedy rising levels of personal debt, which will eventually lead consumers to hit a “brick wall.”<\/p>\n
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‘Earnings growth recession’ may lie ahead – wealth manager\u00a0 With earnings season winding down, Loreen Gilbert, CEO of WealthWise Financial Services, notes that “we did have negative year-over-year earnings growth – and that was the first quarter that we’ve seen that in quite a while.”\u00a0 Stocks close out weak Feb. as Fed concerns remain\u00a0 U.S. stocks closed out February in subdued fashion and each of the three major indexes ended with monthly declines, as investors continue to assess whether interest rates will remain high for an extended period of time.\u00a0 Rising debt levels show ‘cracks’ in consumer – wealth manager\u00a0 Loreen Gilbert, CEO of WealthWise Financial Services, says that while consumer spending remains strong, it won’t last as job losses mount and compound alraedy rising levels of personal debt, which will eventually lead consumers to hit a “brick wall.” <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-206702","post","type-post","status-publish","format-standard","hentry","category-media-appearances"],"_links":{"self":[{"href":"https:\/\/wealthwisefinancial.com\/wp-json\/wp\/v2\/posts\/206702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wealthwisefinancial.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wealthwisefinancial.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wealthwisefinancial.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/wealthwisefinancial.com\/wp-json\/wp\/v2\/comments?post=206702"}],"version-history":[{"count":0,"href":"https:\/\/wealthwisefinancial.com\/wp-json\/wp\/v2\/posts\/206702\/revisions"}],"wp:attachment":[{"href":"https:\/\/wealthwisefinancial.com\/wp-json\/wp\/v2\/media?parent=206702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wealthwisefinancial.com\/wp-json\/wp\/v2\/categories?post=206702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wealthwisefinancial.com\/wp-json\/wp\/v2\/tags?post=206702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}