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June 20, 2024
pic.twitter.com/cYATHHIscL — DogeDesigner (@cb_doge) June 16, 2024
pic.twitter.com/cYATHHIscL — DogeDesigner (@cb_doge) June 16, 2024
In the latest installment of Talking Data, Alex discusses asset bubbles.
Today's topics include stocks & liquidity, are you ready for another round of debt ceiling drama?, El-Erian argues timing of first cut matters as much as terminal rate, higher rates present opportunity for active equity, Fed communication, gold as a global reserve, the rental market & inflation, and momentum trading
Consumer confidence came in much worse than expected last week. Democrats have soured on the economy as election hopes falter. Since so much of economic data is opinion surveys, like consumer confidence, economists will look at this data and conclude the economy is worsening when these surveys are actually political opinions, not economic ones.
Today's topics include an eye on France, Fedspeak confirms wait & see approach, volatility, quantifying the cost of high inflation, Gen Z's investing style, stock returns after the first rate cut, Gamestop, today's stories on stock market concentration, China's attempts to prop up its stock market, private credit, and the household vs. establishment employment surveys
Many argue about the formation of bubbles and the subsequent popping of bubbles. The truth is they are an extension of human psychology rather than a fixture of financial markets.
Today's topics include do higher rates hurt or help the economy?, the Fed can influence rates by setting expectations, the pain of a recession vs. the pain of inflation, the BoJ to cut back on bond purchases, money market funds continue to attract cash, the art of stockpicking, investing during times of low volatility, and the magnificent one?
52% of households owning mutual funds make more than $100k per year.
Active equity mutual funds continue to charge more than 10x the fees of passive equity mutual funds.