NEW YORK (TheStreet) -- The S&P 500 muddled along within a tight trading range on Friday, but ended the session higher by 0.17% and closed at another record high.
On CNBC's "Fast Money" TV show, Brian Kelly, founder of Brian Kelly Capital, said Owens Corning's (OC) earnings report seemed "most concerning." He added that the housing starts and building permits data have been weak and the iShares U.S. Home Construction ETF (ITB) appears to be "rolling over." He suggested consumers could get pinched if oil prices remain elevated.
Tim Seymour, managing partner of Triogem Asset Management, said the U.S. consumer seems to be fine, with disposable income increasing. He added that consumer staples companies like Coca-Cola (KO), Walgreen (WAG), and beer companies have been doing well.
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