JPMorgan’s David Kelly, Citi’s Kristen Bitterly and Morgan Stanley’s Jim Caron, join ‘Power Lunch’ to react to today’s Fed meeting leaving rates unchanged.
Пікірлер: 101
@karenshackleton605313 күн бұрын
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@eco-nutjob13 күн бұрын
Very good proctoring here. Great minds on the panel. All making great points. And no one felt the need to talk over someone else. Very enjoyable to take in.
@Hdc239014 күн бұрын
The employment numbers arent accurate
@user-vb5in3pu3s13 күн бұрын
I agree
@moosejoose413 күн бұрын
can you show us where on the doll the 2022 bear market hurt you?
@nathanielpaul199213 күн бұрын
Are they only accurate when they are good for you?
@SavanaT14 күн бұрын
This economy is not a teenager, it's an old man on cocaine sir....
@theholyregime713114 күн бұрын
You could’ve said that for the last 12 years. If we go up for another 12 years then it’s good enough.
@BrianJohnson-du6pj14 күн бұрын
How much of the inflation is caused by corporate greed!
@willtwain138314 күн бұрын
Studies conclude the majority.
@R3tr0v1ru513 күн бұрын
@@willtwain1383 Wrong.
@willtwain138313 күн бұрын
@@R3tr0v1ru5 Sorry Sparky, It is true.
@huruhooroo13 күн бұрын
Fed speak is like music to the ear. It can be cheerful or melancholy, but always moving.
@erandeser583013 күн бұрын
A journalist in search for a soundbite. Liesman was the adult in the room.
@user-xv7cd5oe2n14 күн бұрын
The Fed works very hard to achieve stagflation. How you can state that you are committed to 2% inflation if your target date changing every meeting.
@user-vb5in3pu3s13 күн бұрын
Why would the fed cut at all just let rates normalize
@csr212014 күн бұрын
Everyone but Santelli seems to be bullish even after the drop in the S&P these past few months. Not sure if that's a positive.
@navsofour289213 күн бұрын
Basically they are saying Powell does not have the balls. Stock feast from here to end of May... when inflation heads higher again vote Republican.
@stevenschaefer579713 күн бұрын
Powell does not know what he is Doing.Fire His Ass
@rdw196813 күн бұрын
$6 gas? Soaring food prices? $160 dinners? Soaring utilities? Inflation is very high.
@user-xv7cd5oe2n14 күн бұрын
The only reason economy is growing is government spending. Once that ends the music will stop.
@TheHonestBroker14 күн бұрын
The fact that Santelli is on television underlines the "'tainment" aspect of infotainment.
@TY-qn6ed13 күн бұрын
How in the world prices are going to come down for anything? Last few years everything is so pricey and recession is the only way to correct this.
@mmblunt314 күн бұрын
And back to blaming the FEDs. Lol. Yet we still send Billions overseas.
@TheHonestBroker14 күн бұрын
"Billions" isn't much for an economy that produces nearly $30 trillion.
@wa21013 күн бұрын
Curious mm, if you are aware of how much the 20 year war cost us the taxpayer?
@michaels725813 күн бұрын
The economy is slowing and prices show no signs of easing. What the heck is he talking about.
@Seanpfree13 күн бұрын
This is THE END of first time home ownership and the slow death of the middle class in a generation. 77 bids over 4 years for our first home as native Tennesseans ALL OUTBID by cash investors. Wonder why we Millenials & Gen Z are doom spending? Why we aren't having kids, getting married? We CAN'T afford a home, car, kids, retirement... Child care costs 1/3 of the average income PER CHILD. At 35 y/o kids and a first home passed us by. Don't be surprised that these younger generations want to see it all burn. This economy isn't for us, it never has been. We've been checked out, not by choice
@justinboucher592314 күн бұрын
The truth is the best thing for the economy would be higher rates, a mild recession and disinflation. Not a lot of any of that, but a solid reset. This price level remaining baked in with even 2% inflation is not good for the average person.
@honkhonkler773214 күн бұрын
It won't be mild. This debt bubble is massive. It's still the best long term outcome.
@abea841513 күн бұрын
Is Steve a reporter or a spokesman for the fed?
@minhhoang119213 күн бұрын
Rick was right!
@jhonybighorn768313 күн бұрын
These guys are looking right into the train and saying it's not this bad "we dont have enough date may be he will stop" trayng to look positive not to talk about worst scenario.
@archisc908013 күн бұрын
Amazing to see how Fed has been wrong in the past 3 years. No interest rate hike until inflation at 9% and started to talking about rate cut when inflation is trending up.
@rickhayes-oh2zm14 күн бұрын
Powell is using 70's 80's comparison. Then they counted food and energy in the cpi. The jobs market was counted more honestly. The economy was a disaster. Same here counted the same way in the 70 80s only worse.Reagan and Volcker defeated inflation then . Now no way.
@ScottFranklin-of3nz13 күн бұрын
I dont know what those abbreviated context on face of graph its a bad presentation probably of which messes up ideals in the house and politics but if the abbreviations are concepts or something the narrative skills are not all to well
@sprocket893414 күн бұрын
Rick is on point. This can't end well.
@LumenMichaelOne14 күн бұрын
Steve Liesman is an astute, measured, Man of Wisdom.
@voicification14 күн бұрын
Measured is key in this role.
@willtwain138314 күн бұрын
The economy is good, we are simply spoiled on ridiculously low rates.
@honkhonkler773213 күн бұрын
The economy is not good. It's built on mountains of debt, not strong consumers.
@willtwain138313 күн бұрын
@@honkhonkler7732 Well, that has been the case for 40 years.
@nathanielpaul199213 күн бұрын
@honkhonkler7732 that's not what the number say
@jhonybighorn768313 күн бұрын
Rake rates goo
@mikefortunato980013 күн бұрын
Seriously?
@InnocentCardGame-sz2be14 күн бұрын
Rates too tight. Fiscal spending maintaining employment and high rates. But restrictive to where fiscal not flowing to. Economy needs to normalize more. Become self sustaining. QT changes saying rates too tight.
@anthonylin749114 күн бұрын
hi
@DonutsReview13 күн бұрын
Trade war, decoupling, Middle East tensions and somehow it’s all good? Company earnings are showing signs of slowing sales and layoffs are now quarterly. And GDP back down to 1.6%. Somehow it’s going well? For who m? 😂😂😂
@ScottFranklin-of3nz13 күн бұрын
Robust i dont think was an adjective or adverb the figure of speech of other language and context and luguistics being not available by narrators of professionals haveing not supported software i feel i think was discussed
@geraldbrowne14 күн бұрын
Will Steve eat these words after the stagnation / decline overwhelms the economy
@anthonytan58213 күн бұрын
no one knows anything
@InnocentCardGame-sz2be14 күн бұрын
April was cold. May looks to be cold also. March was hot. Feb was warm. Jan was cold. We're transitioning. Cooling now that fiscal is fading. Inflation is under control. Like a woman on menopause. Gonna get these hot flashes as fiscal spending runs through the economy. But economy still needs to normalize more. Become self sustainable. Right now high rates restrictive.
@EliSellers-yk5ks14 күн бұрын
April was cold in what respect? PCE and CPI both surprised to upside what’s cold about that?
@InnocentCardGame-sz2be13 күн бұрын
@@EliSellers-yk5ks that's march data
@B_M13 күн бұрын
We have the best economy in the world. Period, end of story!
@bubpori510513 күн бұрын
The Run off in Reserves need to be Piled up in Case of Excessive Reginal Bank Problems ! If Valuations are to High Hitting the tips in tech, Real-estate Builder off sets in Pricing Auto Repricing Cavalcade Stagflation would Probably be Short Lived Unlike Japan U.S. Economy Runs Deep with Resources if its the 70's 10yrs is short Compared to Japan ! The Slow roll Instead of Using the Jake Brake on Inflation like in the 70's if it works with mild Correction Territory Adjustments Leading to Rate Cuts to under pin the Market Relief Raleigh Bike !.
@dillonschofield155113 күн бұрын
Analysts for the last three years: "well when you factor out the components of inflation that are contributing to inflation, inflation actually doesn't look that bad". Ok, goober.
@mmblunt314 күн бұрын
Get the word CUT out of everything. How can you slow labor market when prices are high…people have to work to survive.
@Steven-nk6mr13 күн бұрын
Most of these people have a vested interest in the stock market. The economy is sputtering and stagflation is a very real possibility.
@rickhayes-oh2zm14 күн бұрын
powell pumped the stock market and left the people to pay higher prices and walked out
@tyler200912314 күн бұрын
No, Wall Street pumped the stock market on lofty expectations. This is just a correction from that. Educate yourself
@President_Joe_Biden14 күн бұрын
Came right back down to close negative
@Larryake14 күн бұрын
I typically agree with Steve. Maybe just my bias but I reason it out as a balance view. Straight down the middle
@vincelamvision14 күн бұрын
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@bps720914 күн бұрын
When doves fly. Time is not on your side Jerome….
@michalfranczyk124114 күн бұрын
Normalization to the stagflation....
@cesarfile13 күн бұрын
And it’s gone
@flash52114 күн бұрын
Is “stagflation” the word for the day? LIke does he even know what stagflation is? Prices are still increasing NOT decreasing.. Sometimes we LISTEN to the FEDs too MUCH. Let’s see - good companies are still making good earnings. IF unemployment are up and increasing, earnings going down, companies having a hard time paying the debt payments, the customers are no longer buying - ahhhhh - we have a problem. Why do we listen to these people? Pay attention to the data. One problem - can we believe the GOVERNMENT DATA.
@tyler200912314 күн бұрын
That last sentence is the problem. After 2016 nobody trusts anything to do with the government
@Hdc239014 күн бұрын
Exactly
@ChiefKene14 күн бұрын
Stagflation is what Japan has and their rates are zero… stagflation would be a wet dream for them at this point lol
@taranjitsingh271413 күн бұрын
Gold stocks are undervalued compared to gold prices, wait for earnings and gold stocks will skyrocket and not to mention bad market news that will blast them higher up!! Buy GOLD STOCKS…
@clifftanch14 күн бұрын
Adj adv 1Q GDP Inv, im. Citi, Ie, dom final sales 3.1%SAAR = 4Q23 (Powell presser). Rick, u know the prelim revision could be sig. JPM 2.6% Terminal too hi for finanmkts.
@geraldbrowne14 күн бұрын
When you are explaining you are losing.
@user-xv7cd5oe2n13 күн бұрын
Despite what Powell is saying Fed works really hard to keep inflation for longer. Powell statements give me flashback to the time when he claimed that inflation is transitory. Once again he ignores realities.
@nevillokapi361714 күн бұрын
BASEL3 IS IMPORTANT TO FED..AND PART OF BASEL3 IS GOLD AS A TEIR 1 ASSET
@utubeisfake14 күн бұрын
honestly 2% is just a goal, and a set number, but even 3-4% is not a big deal, the economy is booming, especially tourist travel....life is rough and expensive right now, because of biden, really if it wasnt for bidennomics we would be in really good shape, and wouldnt need to even cut.....stock markets should be rippin as well as earnings and the high price economy , starbucks love charging you $10 a cup.....and sureee they will go back down on price , when inflation is over, like they did last time on the price hike of the trickle down effect.....worked real well......
@wa21013 күн бұрын
Biden has done great for the USA. If conald was still pretending to be Pres. the country would have never opened back up, and over 10 million more antivaxers would be 6 feet under. But, keep on worshipping a failed casino "businessman".
@nathanielpaul199213 күн бұрын
This is just laughable. Bidenomics did this, lolololol. Christ, sucker.
@ibrahimseth864613 күн бұрын
Debt=60,000B Yield=5% Year=30 Debt(30 Year)=60,000B*1.05^30 Debt(30 Year)=260,000B Insurance: Premium=? Yield=8% Year=30 Premium=260,000B/1.08^30 Premium=26,000B(30 Year) Capital=25,000B Top Up=Premium-Capital Top Up=26,000B-25,000B Top Up(Premium)=1,000B+- 30 Year(Premium)=26,000B Year=5%=26,000B/30 Year Year=5%=867B+- Monthly=26,000B/360 Month Monthly=72.22B Yield=8% Yield(30 Year)=(1.08^30)*26000B Yield(30 Year)=260,000B If Capital=25,000B { PettyCash=7,660B Invest=17,340B Dividen=5%=867B } Thank you.