Discover and read the best of Twitter Threads about #Volcker
Most recents (3)
A 🧵 🪡
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On Friday, I was on @CNBCClosingBell and the segment was >20 minute covered some important ground
- it’s Sunday of a long weekend, so I wanted to share some perspectives
1/
On Friday, I was on @CNBCClosingBell and the segment was >20 minute covered some important ground
- it’s Sunday of a long weekend, so I wanted to share some perspectives
2/
Foremost, FANNG up 45% this year because earnings delivery has surprised to the upside
- look at $NVDA and $META others
- future forecast of earnings higher, supporting higher PE and on higher EPS
Our #FSInsight family members know this has been our top sector pick for 2023
Foremost, FANNG up 45% this year because earnings delivery has surprised to the upside
- look at $NVDA and $META others
- future forecast of earnings higher, supporting higher PE and on higher EPS
Our #FSInsight family members know this has been our top sector pick for 2023
3/
There are many who say the stock market is “so expensive” and therefore they are bearish
- ex-FAANG, PE is 15x
- two most expensive sectors
- Staples 20x and Utilies 19x
There are many who say the stock market is “so expensive” and therefore they are bearish
- ex-FAANG, PE is 15x
- two most expensive sectors
- Staples 20x and Utilies 19x
While Fed chair #Powell was "hawkish" in FOMC presser, his statements revealed key factors to "dovish" path
- labor “I don’t see the case for real softening just yet.”
- inflation “we haven’t seen inflation coming down.”
- housing “still some significant increases coming”
1/10
- labor “I don’t see the case for real softening just yet.”
- inflation “we haven’t seen inflation coming down.”
- housing “still some significant increases coming”
1/10
Labor statement below:
- Powell says no sign softening
- yet today's jobs report shows unemployment rate rose +0.2% to 3.7%
- that is a sign of softening
2/10
- Powell says no sign softening
- yet today's jobs report shows unemployment rate rose +0.2% to 3.7%
- that is a sign of softening
2/10
Inflation, Powell says haven't "seen inflation coming down"
- yet prevalent and widespread signs of price increases cooling
- see prior thread
3/10
- yet prevalent and widespread signs of price increases cooling
- see prior thread
3/10
The @federalreserve’s #JacksonHole Policy Symposium has typically been thought of as an event of #academic contemplation, rather than of active #policy innovation, but 2020’s event proved to be the exception to the rule.
That’s because #Fed #ChairPowell surprised many by introducing the #FOMC’s Statement on Longer-Run Goals and Monetary Policy Strategy, which was not expected until later in the year.
