
Consumers have spent all of their excess savings from the pandemic. JPMorgan says this is just one reason why stocks are poised to drop
Cavan Images / Getty Images According to JPMorgan, American consumers have spent all of their excess savings from the pandemic. The bank highlighted consumer weakness as one of the reasons stocks are poised to continue lower. “Even with a strong job market, US companies are seeing declining demand and prices as margin pressures persist.” The…