Consumer confidence rebounded in May after five straight months of declines. Rebecca Walser, CEO of Walser Wealth Management, joined TheStreet to discuss what's making consumers so optimistic.
Related: Why the U.S. consumer may be reaching a breaking point
Full Video Transcript Below:
REBECCA WALSER: Yeah consumer confidence for May finally came up. We came up. We're like at a 52. And that was following and preceding five months of decline. So that was really telling that consumers are starting to see all right. Maybe this administration is using their leverage and their power to negotiate better trade partnerships and deals for America. And maybe that will ultimately work out for U.S. multinational corporations and the stock market. So I feel like even though volatility has been the name of the game since the beginning of this year with this new administration. They're really laying the groundwork for bettering the overall long term longevity of our economic policies. And right now, folks, if you just think about it, we're in a net trade deficit. We consume more than we produce, and that's why we have to finance so much of it through debt on an annual basis. If we do not get control of that, then unfortunately, the sovereignty of the National dollar, the U.S. dollar, which is the global reserve currency, is threatened. So we do have to get a handle on the imbalance of our over consumption with our less than production.
