Mark Newton Says Weak Consumer Confidence Doesn't Necessarily Mean Weak Spending

Mark Newton thinks investors should wait for actual market deterioration before turning bearish:
- Consumer spending and consumer confidence can diverge, and Newton sees current pessimism as heavily influenced by politics
- He expects some of that partisanship to ease after the election, potentially opening the door for progress on the CLARITY Act
- Elevated food and gas prices remain real concerns, but he says there is no easy near-term fix
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