How to predict the new seasons markets and efficiencies
“This is the second time we’ve been here and I feel like we’ve already got it figured out,” said Mike O’Brien, a veteran market analyst for the Dow Jones Industrial Average.
“There are probably some big things that we can learn here.”
O’Donnell says he expects the markets to be more efficient for the first time in more than a decade, and it may even be a bit more of a boon to the economy.
“I think we’re looking at a lot more opportunities for consumers,” he said.
But as the season begins, O’Malley warns that consumers will be paying attention.
“They’ll start to worry about that stuff,” he told CNBC.
“The people that work for us, they’ll be asking questions about how are you going to pay your bills.
You’ve got to be prepared.”
The first signs of the season’s efficiency will be the way consumers are shopping.
Consumers are spending less than they did a year ago, but there’s still a lot of uncertainty over what the economy will look like in the next six months.
As consumers head into the season, Orenstein says he’s keeping a close eye on the prices of products, and is confident that there will be more discounts.
“It’s really a matter of how much we can charge for the products that consumers are buying, how much it’s going to cost them to buy them, and then how much of it is going to be free,” he added.
“People are going to feel that they can afford to spend a little bit more.”
But while consumers will feel better about their financial situation, it’s not as if they’ll have a lot to complain about.
“We’re going to see a lot less of the stuff that we think consumers are most worried about, because the big ones are probably still going to happen,” Orenstine said.
“But it’s probably not going to go as badly as people are worried about.”