Michael Wagner Shares Insights into the Labor Market and Consumer Spending With The National Desk
Following the latest Federal Reserve 0.75-point interest rate hike, stocks tumbled, erasing recent gains. Given the growing concern among investors about a possible looming recession, The National Desk (TND) turned to Omnia Family Wealth Co-Founder Michael Wagner to discuss strategies to beef up savings and protect wealth.
“Remember that you’re a long-term investor and you’ve got to take into account how far in the future you’re actually going to need this money,” Wagner told the network. “If you do feel that you’re maybe a little overallocated to the stock market, now would be a good time to correct that.”
Wagner also discussed insights into the labor market and consumer spending with TND reporter Ahtra Elanshar.
He tells Elanshar that business owners he’s spoken to are “selling whatever it is they’re making,” and that “revenues are still pretty good.”
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