Dow 40,000 & Counting: Let's take a look ahead
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- Опубліковано 24 тра 2024
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Boomer-led households’ collective net worth has skyrocketed 19-fold since 1990. As the generation has lived long and prospered, so has the stock market (rising 40-fold over their adulthood) and the US economy (with nominal GDP up eightfold since 1982). … Looking ahead, our Roaring 2020s scenario assumes faster-than-average growth for S&P 500 earnings, GDP, and productivity. Faster productivity growth should depress unit labor costs and inflation in a process that began last year. More of the same, as we forecast, should boost profit margins to new record highs. … Also: Just ignore the doomsaying LEI. … And: China’s latest attempt to hoist its economy.
Great show thank you
20:22 😂exactly like him
MAX!
After last month's mini correction I do hope Mike Wilson comes every now and then to reset / keep in check that BullBear Ratio. Although he might be kind of spent now;)
24:46 "leading economy indicators should be retired"
It depends... there is a serious problem with employment data that makes it less reliable.
This has caused CES and CPS to differ significantly from each other over the last two years.
Leading economy indicator is consistent with CPS and not consistent with CES.
Which data to believe? This decision is each individual himself to make.
Only time can tell whether CPS will align to CES or vice versa.
Let's wait and see while drinking tea calmly as there is no point in discussing it now 🙂
All these positive outlook base on the idea: first US keeps it’s leading position in world’s economy, therefore best companies chose to be on DJs and S&P. Second, there is no conflict /war inside US, Third, USD keeps strong and world’ s currency. The speaker is over positive given the long term forecast.
This is all built on continuing, more rapid currency debasement
If $35,000,000,000,000 can't get you a good economy, nothing can.