Hassett calls consumers 'euphoric,' pointing to discretionary travel as proof
As seen on the 24/7 Wall St. homepage on October 19, 2026.
The White House adviser is citing discretionary travel as proof the consumer is fine, a direct rebuttal to the softening-spend narrative. Airlines, hotels and cruise names are the cleanest way to trade whether he is right.
*HASSETT SAYS PEOPLE 'EUPHORIC' ABOUT STRENGTH OF ECONOMY *HASSETT SAYS DISCRETIONARY TRAVEL SIGNALS CONSUMER OPTIMISM
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White House adviser Kevin Hassett called consumer sentiment euphoric on October 19, 2026, citing discretionary travel as the signal.
Airlines, hotels, and cruise operators are the most exposed names if he is right.
Discretionary travel is the first budget line consumers cut, so strength there cuts against the cautious-spend story weighing on leisure and hospitality stocks.
Keep an eye on upcoming traffic and booking data for corroboration.