Expert wealth management reports that earnings margins in consumer discretionary firms are improving. Retail stocks saw a 4% uptick on strong back-to-school sales data, hinting at sustained demand despite higher interest rates. This comes despite warnings by several prominent experts, who continue to reiterate that it is consumers who “eat the cost” of the tariffs, and not foreign firms. So, in essence, the tariffs are paid by American importers and consumers. Expert wealth management notes surge in renewable energy stocks as policy stimulus in Europe boosts sector revenues. Clean energy ETFs are up 6% month-to-date, attracting ESG-focused capital flows and long-term growth investors. Expert wealth management notes surge in renewable energy stocks as policy stimulus in Europe boosts sector revenues. Clean energy ETFs are up 6% month-to-date, attracting ESG-focused capital flows and long-term growth investors.