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re: Why is the stock market rallying right now?
Posted on 2/28/24 at 5:25 am to slackster
Posted on 2/28/24 at 5:25 am to slackster
quote:
The restaurants might be struggling on margins/profitability, but they seem quite full. The consumer is still pretty solid.
That’s not true at the higher end restaurants. The people I’ve talked to say that they think people are still going out to eat but they are just choosing to go to cheaper options. I think that’s a reality across multiple industries. Regardless of what the market is doing there are tons of people being squeezed right now.
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