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Carson Group's Sonu Varghese - 2 Sonu Varghese - 2 Varghese - 2 that's - 1 there's - 1 Carson - 1 it's - 1
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Wall Silicon Russia Ukraine Louisiana Atlanta
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Search resuls for: "Carson Group's Sonu Varghese"


2 mentions found


☆ A spike in gas prices is one of the biggest risks to the stock market and economy
  + stars: | 2023-08-29 | by ( Matthew Fox | ) www.businessinsider.com   time to read: +4 min
One of the biggest risks to the stock market and economy is a gasoline price shock, according to Carson Group's Sonu Varghese. Gas prices are already up 23% year to date, and a further rise could reaccelerate inflation. His big worry is that surging gas prices can have a negative knock-on effect on the broader economy. That's because higher gas prices at the pump weigh heavily on consumer sentiment and can lead to curtailed spending. While he remains bullish on the outlook for the stock market and economy, he does worry that another gasoline price shock could serve as a big headwind for investors and consumers.
Persons: Carson Group's Sonu Varghese, Sonu Varghese, that's, Varghese, there's Organizations: Service, Carson Group, Energy Information Administration, Federal Reserve Locations: Wall, Silicon, Russia, Ukraine, Louisiana
☆ 'No sign of a recession': 3 signs suggest the US economy is so strong it may not even cool to a soft landing
  + stars: | 2023-07-20 | by ( Matthew Fox | ) www.businessinsider.com   time to read: +3 min
These are the three signs that suggest the economy's strength means it doesn't have to worry about sticking the landing. "Not only do we see no sign of recession, but it also doesn't even look like the economy is looking for a 'landing' at this point," Varghese said. Looking at the last three months of economic data, Varghese highlighted three data points that suggest the economy is likely to remain stronger than many expect and ultimately avoid a recession. Retail sales rose at an annualized pace of 4.7% in the second-quarter, and retail sales excluding vehicle and gas station sales rose at a 6.3% annual pace. Taken altogether, the data suggests to Varghese that the US economic growth reaccelerated over the past year.
Persons: Carson Group's Sonu Varghese, Carson, Sonu Varghese, Varghese, it's Organizations: Carson, Federal Locations: Atlanta
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