Consumers continue to feel the pinch of high inflation and rising borrowing costs due to the Fed’s interest rate hikes. The recent turmoil in the banking system has added to their financial stress, reducing purchasing power and decreasing consumer spending.
In light of this, it could be wise to steer clear of consumer goods stocks PLBY Group, Inc. (PLBY), Vinco Ventures, Inc. (BBIG), and AquaBounty Technologies, Inc. (AQB) that are fundamentally weak and prone to economic volatility.
