Kevin Mahn: Concerns Over Increased Credit Card Debts

We believe July marked the end of this rate hike cycle, notes Kevin Mahn. He questions if this is the end of the rate hike cycle. He talks about how rate cuts are not likely until 2H24. He discusses how consumers have put more and more on credit cards and ended 2Q23 with $43B in credit card debt.

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Disclosure: Hennion & Walsh Asset Management currently has allocations within its managed money program, and Hennion & Walsh currently has allocations within certain SmartTrust® Unit Investment Trusts (UITs), consistent with several of the investment areas discussed during this interview.