Consumers are sending 'a lot of mixed signals,' strategist says

United Parcel Service (UPS) reported mixed results for its second quarter with adjusted earnings beating expectations, but revenue missing estimates. What do these earnings tell investors about the state of the consumer? Miller Tabak Managing Director and Equity Strategist Matt Maley tells Yahoo Finance Live “we’re just getting a lot of mixed signals” from the consumer. Maley explains how “the concern is not so much that the consumer is going to implode, but it does start to soften with credit card debt at all time highs and savings rate having come down from the level we saw at the pandemic. I mean, are they going to be strong enough to fuel further gains going forward?”