I have no confidence the unemployment rate will stay where it is, says Renaissance's Dutta

Neil Dutta, Renaissance Macro Research, joins 'Taking Stock' to talk what to expect from the Federal Reserve going forward.

[@Mckate45]

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

[@Patlove21]

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

[@McRoland16]

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.

[@Mckate45]

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

[@Patlove21]

"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.

[@Mckate45]

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

[@grandmiserthe3rd434]

Print ....... Spend ....... Crash ...... !!!

[@kevingupta7091]

......and Repeat

[@mtmg3648]

This govt is FCKD up. Every single +50 year old friend and relative of mine has lost their job. Head hunters I know have said everything's at a stand still. This economy is BAD and has been BAD for awhile.

[@tylerwilson2037]

My 88 yo grandma thinks our economy is stellar, unemployment is non existent, inflation is non existent... she thinks Kruela is a great candidate, thought the same about Joe blo.. Still trying to reason with her... that: If we don't have a consensus bout the state of things. . Isn't that proof we're being lied to ?!

[@christeng142]

I'm a bit lost and could use some advice. I've been holding onto $250,000, waiting for interest rates to stop rising, but now I'm questioning my strategy. With rates potentially continuing to climb and stocks declining, I'm unsure about what to do next.

[@luisjoel-b6e]

The stock market will go down further and goodluck on the fed pausing rate hikes w/ all the hawkishness that has failed to keep up with inflation.

[@tammystut]

If the unemployment rate is able to remain steady while the Fed hikes and inflation falls back to target, a soft landing might be on the table

[@clementdan9417]

Don’t expect a soft landing. We know inflation still far from its 2% destination - the FOMC didn’t raise rates now, we can never fortell their moves these days

[@rosalopez5574]

Fixed income Tbills and bonds may work for you while you try to figure out the next entry point for stocks

[@patrickjones1392]

I agree It’s always good to have a balanced fin-plan. I work with a professional planner multi mrkt and fixed-income strategist in NY. the fixed income portion of your portfolio won’t simply serve as a buffer to the volatility of the equity portion of your portfolio, but will provide legitimate income.

[@henrywycislo9454]

Pretty stupid subject out of CNBC. Fed fed fed rate cut rate cut bla bla. Guest after guest after guest.

[@nicholas5396]

Cutting early makes no sense. History shows cutting early can be catastrophic. Rates are not insanely restrictive. Between the cost of capital and higher prices people are slowly starting to spend less which is causing companies to lower prices. Bad for stocks but good for consumers in the long run. If data looks good in September then a modest cut makes sense to get back to neutral territory. Anything sooner seems to have no great reason other than to fuel the small cap stocks. Until or unless unemployment gets above 5% the dual mandate can focus on inflation only.

[@chillones9574]

The Rich want to burrow money at a lower rate duh lol and the consumer is driving prices down by spending less.

[@atomicfly777]

Exactly. The stock market is way up over the past two years. Corrections and even recessions are healthy and necessary. The Fed should stick to their goal and not be swayed by Wall St loud mouths.

[@ChrisSD-we1lk]

I think FED should increase the rate by 50 basis points. Layoff are increasing so will the date

[@factcheck8481]

I will pull to recession

[@johnyvik7242]

Historically rates are on the low side- long term rates should be 5-6% not 3-4%

[@atomicfly777]

Agree. Interest rates are historically pretty average. Cutting rates too low only fuels bubbles and helps the rich. With rates the way they are now savers can get a decent risk free rate.

[@factcheck8481]

@@atomicfly777 inflation on paper never be realistic in life's. It's above 5% inflation. Only corporates make money from policy decisions. Middle class and poor struggle with post pandemic price hikes

[@damham5689]

So if Trump says a cut is a gift to the Dems, then not cutting is a gift to Trump .

[@michaelc1063]

DONT YOU DARE USE RATIONAL THINKING!!!

[@user-jy4zd8bk4l]

Trump is the dumbest person, when he speaks it's like going to the circus

[@gsurtos6588]

not cutting until trump becomes president. then he'll want the cut.

[@starship519]

Inflation hasnt been resolved. Feds not cutting

[@huynguyentoantin]

they have dual mandate

[@starship519]

@@huynguyentoantin theyre not cutting

[@IproPvP]

@@starship519they’re cutting in sept idiot….

[@chrisginoc]

@@starship519The FED will only cut if the job market is broken or if unemployment hits the 4.5%+.

[@starship519]

@@chrisginoc im pretty sure they wont cut until inflation is destroyed

[@SamHeine]

I bet the rate cuts will be light for now.

[@williammartin7277]

I agree with him with the economy slowing. The labor force participation is low and Sahm rule triggered. Don't think they should cut though because inflation is in the periphery.

[@oxemediaTV]

Economy will change rapidly forsure in services. Bars etc but travel will still be up because the high end buyer will still have cash and buy stocks

[@paulo4371]

Neil should, because if you back since Covid he has been calling it

[@johnyvik7242]

First cut, housing prices rise more and inflation emerges again. Wont happen...if anything 25 bps Dec meeting. Stocks rise rest of 2024 one last liquidity pump..😊

[@chrisginoc]

Housing as in Owners Equivalent Rent is the only housing metric in inflation now home prices for sale.

[@alekseygerbyn69]

they won't pump if fundamentals are worsening. So we either have delayed super crash to later or severe crash will happen shortly.

[@vsiva710]

josh is so well behaved :)

[@FLIPPER305]

Dutta Da Man

[@SigFigNewton]

I’m impressed with him. Nothing mindblowing, just common sense data based takes well articulated.

[@AlfonsoDiSaliz]

They should have him more often

[@MatthewMS.]

Roaring 20’s 🎉 will continue thanks to new Tech Revolution 📈🇺🇸🤖

[@Username18981]

Inflation kills countries, occasional recessions are healthy. Unless something breaks or Inflation tanks, there won't be a cut this year.

[@eyelovecolorado2195]

They won’t cut. Powell doesn’t want to be known as the Volker of the 21st century.

[@syproful]

Better to leave as is. Let the market work itself out.

[@johnyvik7242]

Raise half a point. If it spooks the market so be it

[@juveno1000]

Here’s a thought. Let the market do its thang. The Fed should stay nothing.

[@illegalsmirf]

Who cares if people lose their jobs? All that matters is that stonks go up - the Fed must ensure the 1% keep getting richer.

[@noneshere]

Lol, the Feds just broke the bank of Japan.

[@edgarsalas9935]

That graph isn't even close to scale

[@RichardSKLim]

The U.S. economy will never be able to recover well again if Americans are unwilling to take the bitter medicine of a deep recession.

[@user-qr4lv1sh6w]

A flat tax would save us

[@cairo-g9g]

What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio.

[@SigFigNewton]

Thank you, bot thread, this will change my life!!!🙂🙃

[@kyoungpyohong4387]

Cash is king

[@d.c.3220]

@Manselus-w4h - FAKE