Ed Siddell, CEO and chief economist at EGSI Financial, joined Cheddar News to assess the market in which the S&P 500 is riding a three-week high. Despite the positive trend, Siddell said there is still too much uncertainty in the market. "What we saw, the GDP came out [and] it's a little bit higher than what most people expected but still well below the original estimates," he said. "Consumer confidence is a little bit higher but I think that has more to do with making sure that their deposits were guaranteed." 

Share:
More In Business
Microsoft Is Having Its ‘iPhone Moment’
Jason Moser, analyst and adviser at the Motley Fool, shares thoughts on recent tech earnings, including what’s behind Google’s share price drop and why A.I. could be Microsoft’s ‘iPhone moment.’
Is Big Tech Keeping Kids Safe Online?
CEOs of social media platforms like Facebook, TikTok, and more meet with lawmakers Wednesday about how they are protecting children from sexual exploitation.
Amazon to iRobot: iCannot Buy You
Amazon blamed "regulatory hurdles" for calling off its proposed acquisition of robot vacuum maker iRobot. Not even a Roomba could clean up the deal's antitrust scrutiny.
Load More