Stephanie Link emphasized, "You have this consumer that just is unwavering, and a lot of that is because they have jobs, they have wage growth that's higher than inflation-at least today-and they are spending." This reflects transformative factors within the economy as consumers seem robust despite concerns about inflation.
Link called the election outcomes a positive catalyst for markets, stating, "In many ways, the election results proved a positive catalyst for markets simply because they resolved an unknown." This change in sentiment helped boost indices like the S&P 500 significantly post-election.
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