On today's episode of On the Margin, Peter Boockvar Chief Investment Officer of Bleakley Financial Group and Editor of The Boock Report joins the show for a discussion on the path ahead for the U.S economy.
As markets have rallied to start the year, Peter walks through the state of the U.S economy. With inflation having seemingly peaked, Powell seems confident that disinflation will be the path ahead for 2023. Peter breaks down Powell's recent comments at the press conference last week before discussing how interest rates being "higher for longer" will effect corporate & household balance sheets and wether the Fed will get their soft landing. To hear all this and more, you'll have to tune in!
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Today's show is sponsored by Public.com: Get a 4.9% yield when you open a government-backed Treasury Account.* That's a higher yield than a high-yield savings account.** Go to https://Public.com/onthemargin
*26-week T-bill rate (as of 2/6/23) when held to maturity. Rate shown is gross of fees. **As compared to the national high-yield savings average of 3.43% (Source: Time.com/NextAdvisor as of 12/30/22).
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Use code MARGIN10 to get 10% off Permissionless 2023 in Austin: https://blockworks.co/event/permissionless-2023
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Referenced In The Show:
All Eyes On Inflation: "A Pause Is Not A Pivot" | Weekly Round Up: https://open.spotify.com/episode/50ABz990nXRh2NEXU6aVRd?si=3b9a53f609314f94
The Boock Report: https://boockreport.com/
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Timestamps:
(00:00) Introduction
(00:35) A Breakdown of The U.S Economy
(02:40) Why Animal Spirits Are Back For Markets
(08:45) Will Powell Get His Soft Landing?
(14:12) Public Ad
(15:59) Rates Will Remain Higher For Longer
(22:46) The Chinese Reopening
(27:00) The Path Ahead For Inflation
(30:40) Permissionless Announcement
(31:24) Preparing For A Recession
(38:50) Breaking Down Earnings
(46:16) "The Market Is Partying Like It's 2021"
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.