Here's why SoFi's Liz Young doesn't expect employment to remain stable

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  • Опубліковано 2 жов 2024
  • Liz Young, SoFi head of investment strategy, joins 'Closing Bell' to discuss markets, labor trends, and their market outlook for 2024.

КОМЕНТАРІ • 43

  • @user-ow1bn6qv8q
    @user-ow1bn6qv8q 10 місяців тому +14

    She's not wrong. Unemployment has quietly risen from 3.4% in April to 3.9% in October. A pretty big move upward.

    • @WSB732
      @WSB732 10 місяців тому

      isnt that what the fed wants, which is why there gonna stop the hikes???

    • @noneofyourbusiness5433
      @noneofyourbusiness5433 10 місяців тому +2

      Yep, people are completely missing this. Everyone is in happy magical fairy land with the magical happy fairies. It's going to hit......

    • @Vagabor123
      @Vagabor123 10 місяців тому

      Its coming

    • @slaintemhath3475
      @slaintemhath3475 10 місяців тому +1

      She makes me laugh……. “Bring rates back down to a normal level”. One to 2 percent is NOT a normal level. Maybe if she had more historical experience and was not so shortsighted or so focused on free money so she can get bigger bonuses she would realize that her “normal levels” for far too long is a big part of what caused the problem in the first place

  • @bdouble3944
    @bdouble3944 10 місяців тому +8

    Liz was wrong all year only turned recently bullish to chase after being wrong for 10 months

    • @tdiler12
      @tdiler12 10 місяців тому

      very good point ! I
      I remember
      she s kinda hot though we ll let her pass this time

  • @DrKnowsMore
    @DrKnowsMore 10 місяців тому +1

    People keep saying bring rates down to a normal level, but rates are at a normal level. That's what's indicative of just how bad the economy is. We're treating normal interest rates as if they're catastrophic. Having sub 5% interest rates is not normal and is not healthy for the economy in the long term.

  • @Ek0
    @Ek0 10 місяців тому +2

    They aren't cutting rates until house prices go down you clowns. Everyday goods/necessities are causing anyone upper middle class or lower to struggle. High rates until houses crash.

    • @nickv8816
      @nickv8816 10 місяців тому

      Recession first then layoffs with housing crash to fallow. Auto industry will lead the way.

  • @fugieson666
    @fugieson666 10 місяців тому +3

    They were telling you to sell last October 😅😅😅

  • @hs40668
    @hs40668 10 місяців тому +14

    Bad enough she been wrong the whole year, why do it on national TV 😂

    • @joesmith3590
      @joesmith3590 10 місяців тому +3

      Diversity hire guest getting old.

    • @Tendomcgoobin
      @Tendomcgoobin 10 місяців тому +2

      ​@@joesmith3590how is a hot white woman a diversity hire

    • @joesmith3590
      @joesmith3590 10 місяців тому

      @@Tendomcgoobin first she is not hot and 2nd she is a woman. Do you know what a diversity hire is or just think it means black lol.

    • @helldeirch
      @helldeirch 10 місяців тому +1

      @@joesmith3590 not that much more wrong than cameron dawson

  • @darwinmonzingo9738
    @darwinmonzingo9738 10 місяців тому +3

    tell yourself lies and believe it!
    😂

  • @DramaQueen-im8qm
    @DramaQueen-im8qm 10 місяців тому +6

    Have fun staying poor, Liz

  • @authoredens581
    @authoredens581 10 місяців тому +1

    Liz young failed at technical analysis and so is switching over to macroeconomics.

  • @keto6789
    @keto6789 10 місяців тому +5

    Liz Young .... always wrong

  • @emptyempty1310
    @emptyempty1310 10 місяців тому +2

    Wall street hates sofi

  • @JgStrijder
    @JgStrijder 10 місяців тому +5

    She said buy utilities before the big crash in october...🤣 Stay defensie uhuh....

  • @Vagabor123
    @Vagabor123 10 місяців тому +2

    The fed has never cut out of the goodness of their heart

    • @Jay-om2bv
      @Jay-om2bv 10 місяців тому

      No need to keep rates restrictive if inflation continues trending down. So, rate cuts can mean something other than the "economy is in trouble".

    • @snwbm
      @snwbm 10 місяців тому

      ​@Jay-om2bv they fear cutting too soon and pulling a Volcker. They will keep rates higher longer than necessary.

  • @peterbedford2610
    @peterbedford2610 10 місяців тому +4

    Gold way up, yields down. ...fear is on

    • @snwbm
      @snwbm 10 місяців тому

      Gold is down because the dollar weakened. It isn't gold up, it was dollar down.........

  • @tomschryver2659
    @tomschryver2659 10 місяців тому +1

    Sell shoes

  • @Options96
    @Options96 10 місяців тому

    The interest rate hikes will start to bite in about 3 to 4 months, that’s when we should know for sure.

  • @thegodhead
    @thegodhead 10 місяців тому

    The most successful investors over the last century have used a strategy that is almost exactly opposite of what you hear from strategies talked about on MSM. Timing the market, constantly predicting interest rate movements, hanging on the Feds every word, betting on derivatives like they’re going out of style, is exactly what successful investors have warned about for decades. Yet, here we are. To paraphrase Charlie, “Buy, hold, wait. Waiting being the most important part.”

  • @manuvns
    @manuvns 10 місяців тому

    get bullish when market corrects not now , when to do it ? when price is right

  • @Yomamaissoo
    @Yomamaissoo 10 місяців тому

    Dan ruined her career

  • @villagecpa
    @villagecpa 10 місяців тому +1

    Bidenomics!

    • @abky4848
      @abky4848 6 місяців тому

      You forgot about the severely long lines at the food banks under trumpeconomics. His policies did not help the lower and middle class to even bear a few months of an economic downturn. Trade wars, tax cuts, lack of migrant workers and him pushing for even negative rates right before the pandemic eviscerated our treasury and caused a lot of precursor to inflation. (Did you forget he called Powell as sorts of names for daring to raise rates by 0.25%?) His promises to cut the deficit every year never came and I fact for just 4 yrs in office he raised the debt by almost 7 trillion. Obama only did 9 in 8 years and people yelled at him when he started in the depths of a Great Recession caused by Repubs tax cuts and uncontrolled spending.
      Typical MAGA/GOP amnesia and hypocrisy. I used to vote Republican, voted for BUSH SR and Jr and McCain and really liked Kasich. Same he wasn’t the GOP nominee. As far as I know while prices are high so are wages and union jobs/benefits and no one is lining up at the food banks in large numbers. Florida having a lot of trouble with the farms due to lack of labor right now because Americans don’t want that kind of work.

  • @drayne3750
    @drayne3750 10 місяців тому +3

    Liz is a total babe

    • @keto6789
      @keto6789 10 місяців тому +3

      but not too smart

    • @joesmith3590
      @joesmith3590 10 місяців тому +3

      Not even she looks like she had way too much work

    • @keto6789
      @keto6789 10 місяців тому

      @@joesmith3590 That doesnt matter when shes riding rodeo

    • @drayne3750
      @drayne3750 10 місяців тому

      @@joesmith3590 she can afford it unlike your wife.