Almost ‘Everything’s Coming Up Roses’
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- Опубликовано: 10 окт 2024
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Investors in both stock and bond markets are suddenly blooming with optimism. Both markets rallied on Friday’s (mostly) positive employment report, including yet another sub-4.0% jobless rate and despite some negatives in the report. Stoking the optimism, perversely, has been economic news suggesting weakening: Cheery investors have focused not on that but on the potential ramification of it, that interest rates won’t be kept higher for longer after all. Both good and bad news are being met as great news! … One fact that indeed warrants optimism: The Fed’s 2.0% inflation target has been reached by one relevant measure.
Always reliably instructive. Thank you.
Always.
Always appreciate these weekly reviews thank you !
Great video and really appreciate you taking the time to put these out.
Thank you for creating and posting these.
Interesting charts. Thanks for the insightful comments interpreting them.
Fed cuts seem likely by July with weakening consumer data, question is what does that mean for the 2% target?
Limey watching this , the presenter reminds me of an American comedian I saw on a US TV show that I once saw in England. Who am I thinking of?
Where's the data that people are "buying bigger trucks" now vs before? Seems like an emotional response to a hard data point. The hard data being insurance rates going up. But where is the data on people shifting to more expensive trucks as a leading indicator?
in the chart presentation at the 25 minute mark
@@YardeniResearch Apologies. Missed it in the first run of this.
thank you
People either buy big trucks or electric vehicles. The 2 most expensive vehicles to maintain. Smart cars just weren't cool enough.
You keep saying that productivity will rise because of AI but there is a report that AI will result in higher unemployment so it will counter the increase in productivity theory. What do you think about this?
MAX!
I work in the housing industry. We've been in a 'deep' recession for two years. Most of my friends who have been laid off since then, cannot find anything close to what they were making in terms of pay. There's no movement or promotions happening. Only layoffs and RIFs. If you want a job making burritos, there are like 12 jobs out there for every person looking. This reminds me of 2007 a lot. Leaf blowing jobs are plentiful. Good jobs are non-existant. I think you're a great guy Ed, but you're completely reading the data wrong somehow. This is why Biden's numbers suck right now.
What part of the housing industry are you in? The home builders seem to be doing well even with the recent spike in mortgage rates.
The industry is huge and varies drastically depending on location.
Big variances depending on job: Real Estate Agent, Plumber, Residential timber, Roofer, Interior designer, Retail salesperson, Arechitect?
@@robertsturm 'seem' if you work inside these companies it's a mess.
The housing industry is highly cyclical, make money when it’s good, when it isn’t saddle up and get out of town , and into something else. That’s it.
@@Astrobucks2 they are so good at lipsticking the pig....
Move the chess board table and couch so Max can be seen. Use your noggin. I wonder about your analysis….
Is this guy a comic? Sentiment is collapsing! What planet is he from?
On my Planet Earth, the S&P 500 is almost at a record high. The ACW ex-US MSCI is at a record high.