Citi, Goldman Sachs Cut U.S. Economic View, DAL Lowers Guidance
Schwab Network · Schwab Network
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Show Notes
As investors digest recent selling activity in the stock market, two major financial institutions have downgraded their growth outlooks for the U.S. economy. Goldman Sachs & Citi both lowered ratings, with Citi saying U.S. "exceptionalism is at least pausing." Kevin Green reacts to the downbeat notes and looks at the VIX inching up higher. To the downside, S&P 500 (SPX) at $5550 is on Kevin's radar and says investors "should be cautious about any pops higher" in the near-term. Then, he provides the latest on Delta Airlines (DAL) following a guidance cut.
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