Jay Powell & The “Good Ship Transitory” | Price Caps Proposed by Politicians | Huge Employment Revisions | US Dollar Breaking Down?
By Derek Moore
Show Summary:
Derek Moore and Jay Pestrichelli once again are here to break down the Jay Powell Jackson Hole statement and the market reaction including latest interest rate projections. Then they comment on the idea proposed by politicians of price caps and whether companies are making record profits based on net profit margins. Later they discussed the huge revision lower in employment number in the establishment survey and whether it’s a big deal or now and why the difference between the monthly releases and the first preliminary annual revision. Finally, they discuss the positive of the US Dollar potentially breaking down for US companies and the latest in volatility markets.
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Topics Include:
- Jay Powell Fed signals the time is now to change policy
- The “Goodship Transitory” and Jay Powell
- Fed funds interest rate projections
- Whether the Fed raising or lowering interest rates made any impact
- Huge first preliminary revision by 800k in the establishment employment survey
- What Goldman Sachs cited for the reason in the revisions in data
- Difference between the monthly employment numbers and these annual revisions
- US Dollar index and how a lower dollar helps multinational US company earnings
- Politicians are talking price caps and why those never work
- Examining a few companies net profit margins to see if they are making record profits
- Volatility markets including the VIX and VVIX
Mentioned in this Episode
CME Fed Interest Rate Probabilities
Jay Pestrichelli’s book Buy and Hedge
Derek’s new book on public speaking Effortless Public Speaking
Derek Moore’s book Broken Pie Chart
Contact Derek derek.moore@zegainvestments.com
Last Week’s Episode:
Fastest Correction Ever? | VIX Index Collapse Post Spike | Will the Fed Push Back on a 50 bps Interest Rate Cut? | Latest Inflation Analysis and Soft, Hard, or No Landing?
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