Pence Capital's Dryden Pence: Don't foresee a recession as the labor market remains largely healthy

Поділитися
Вставка
  • Опубліковано 8 лип 2024
  • Dryden Pence, Pence Capital Management CIO and Stephen Stanley, Santander, join 'Power Lunch' to discuss Powell, the Fed and markets. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/42d859g
    » Subscribe to CNBC TV: cnb.cx/SubscribeCNBCtelevision
    » Subscribe to CNBC: cnb.cx/SubscribeCNBC
    Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
    Connect with CNBC News Online
    Get the latest news: www.cnbc.com/
    Follow CNBC on LinkedIn: cnb.cx/LinkedInCNBC
    Follow CNBC News on Instagram: cnb.cx/InstagramCNBC
    Follow CNBC News on Facebook: cnb.cx/LikeCNBC
    Follow CNBC on Threads: cnb.cx/threads
    Follow CNBC News on X: cnb.cx/FollowCNBC
    Follow CNBC on WhatsApp: cnb.cx/WhatsAppCNBC
    www.cnbc.com/select/best-cred...
    #CNBC
    #CNBCTV

КОМЕНТАРІ • 21

  • @Connorgibson-ts2dq
    @Connorgibson-ts2dq 2 дні тому +272

    Inflation is a serious concern, especially given the current state of world economy.

    • @WilliamRobert-zk7rc
      @WilliamRobert-zk7rc 2 дні тому

      With all the recent economic turmoil, I'm really worried about inflation.

    • @freyadecker2718
      @freyadecker2718 2 дні тому

      Yeah, it's definitely a hot topic right now. The pandemic caused hiccups in supply chains and led to increased government spending, which could contribute to rising prices.

    • @declanh5434
      @declanh5434 2 дні тому

      Exactly, with prices seemingly going up on everything, I'm just not sure how to protect my finances.

    • @DaveSmith091
      @DaveSmith091 2 дні тому

      That's where a genuine financial consultant can really be of help. They can analyze your financial situation and recommend strategies to hedge against inflation

    • @DiegoPatrick6274
      @DiegoPatrick6274 2 дні тому

      Please how can I find a reputable consultant?

  • @bonner-qv3mi
    @bonner-qv3mi 14 днів тому +46

    Great video, The first $100,000 invested was amazing. But when you hit $300,000 it’s like smashing the glass ceiling! I cried.

    • @WalterDorcas
      @WalterDorcas 14 днів тому

      I completely agree with you! My first 100k took a long time and wasn't that special to be honest with you. Once I hit 300K that is the game changer in my opinion. At this point my money is basically making me a pretty good yearly salary. When I go to sleep at night I know my money is making decent money with the help of my FA

    • @Johnmark-iq4gg
      @Johnmark-iq4gg 14 днів тому

      Nice. People often underestimate financial advisors' importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks.

    • @bonner-qv3mi
      @bonner-qv3mi 14 днів тому

      I've been considering but haven't been proactive. Can you recommend your advisor? Could really use some assistance.

    • @WalterDorcas
      @WalterDorcas 14 днів тому

      "Nicole Anastasia Plumlee" is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.

    • @bonner-qv3mi
      @bonner-qv3mi 14 днів тому

      I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip

  • @robschild.
    @robschild. 14 днів тому +4

    Labor market is super strong, super strong economy, my neighbor finally just got his 4th job last week and so now he can pay his rent in full and has enough left over to take his girlfriend to McDonalds once a month!!! Quick reminder, EPS of the S&P at the end of 2021 was higher than in May 2024, but sure, let's pretend earnings are doing great!

  • @Computertrading
    @Computertrading 10 днів тому +1

    2024 & 25 is not a recession year, 2026 is not promised

  • @Youngmora1
    @Youngmora1 15 днів тому

    labor market is still strong, higher for longer until you lose your job