US stocks have had a miserable couple of months after starting 2023 on a tear – and one sector is feeling the whiplash more than most. Top investor Jim Chanos has touted the Las Vegas strip as a potential economic indicator in the past. The sector plunging could be a signal that Americans are about to start spending less. Photo courtesy of Legendary PicturesĬasino stocks are slumping – and that could be bad news for the US economy.
Tumbling Las Vegas casino stocks could be a sign there's an economic downturn on the way.