Persistent inflationary pressures have led to depressed levels of consumer spending all year, according to Bank of America.
Consumers are still spending — in fact, they're spending more than they are earning — as employment levels and hourly wage growth remain fairly strong .
Some analysts see an opportunity to pick up shares of battered-down retail stocks.
According to Barclay's Yih, spending levels "almost have to be worse" next year.
LPL's Roach similarly expects consumers spending to hit a roadblock in the coming months.
Persons:
bode, Neuberger Berman, Steve Eisman, Jeffrey Roach, Adrienne Yih, Yih, Randy Hare, Ross, Polly Wong, Belardi Wong, James Lewis, Huntington's Hare, Bartlett, Chris Kempczinski, Lewis, …, it's, Anthony Chukumba, Chukumba, Wells, Ike Boruchow, Kathleen Entwistle, Entwistle, LPL's Roach, Morgan Stanley's Entwistle, Barclay's Yih, Roach
Organizations:
Bank of America, CNBC, Consumers, Barclays, Ross, Huntington National Bank, Bartlett Wealth Management, Walmart, Retailers, Republic, Urban Outfitters, Eagle Outfitters, National, Capital, National Vision, Nike, Ross Stores, Morgan Stanley Private Wealth Management, Investments, Citizens JMP Securities, Delta Air Lines, Deutsche Bank
Locations:
U.S, Wells Fargo