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Submit ReviewMichael Green, chief strategist at Simplify Asset Management, says that the economy is showing signs of slowing in some ways, while still having some measures being strong, and a lot of it is determined by consumers where the division between the haves and have-nots are growing, and where current conditions hurt people with less money dramatically more than the wealthy. Green says people are confusing the stock market's run to record highs as strength for the economy, which he says is misplaced, but which he says has handcuffed the Federal Reserve on rate cuts because it's hard to say that moves are needed when markets are peaking. In the Talking Technicals segment, Tom Samuelson, chief investment officer at Vineyard Global Advisors, says he'll stay bullish despite expecting a 3 to 5 percent correction now and a 5 to 10 percent dip closer to the election; he's optimistic because "strength begets strength," and a strong first half of the year bodes well for gains in the second half, as does increasing breadth supporting an uptrend. Plus, Jason Akus, head of healthcare investing at abrdn — manager of the firm's four closed-end funds covering healthcare — gives his current take on the healthcare and biotech space, noting that the sectors last rallied around the vaccine makers during the pandemic but they are now showing signs of the next big rally, and Rachel Perez discusses research from Preply showing which side gigs provide the best wages and most job stability.
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