The Problem with Economic Data

(2/22/23) The long-awaited market correction has arrived, begging the question of whether markets can firm-up and hold levels here. Look at correction as an opportunity for portfolio rebalancing; St. Louis Fed Pres. James Bullard says interest rates need to exceed 5% to battle inflation; markets have rallied on the notion earnings have troughed, and that the worst is behind us. Bullard admits the economy is stronger than first thought, per economic data. The problem is economic data is very "laggy," and is often revised after the fact: Not a good metric for investors. The level of liquidity in markets is still high; what do the Yield Curves say? YC-reinversion is key. The Roberts' Family saga of Thump-thump the Bunny; men vs women w advanced degrees; credit score dating, and holiday rankings; market response to Bullard commentary; Walmart & Home Depot reports: consumption is decreasing; Bed Bath & Bodyworks; Jim Cramer's Six Things that Need to Happen before the sell-off can end; why buy bonds? Pay off your mortgage with your 401-k? No. How to get better yields on cash.

3:09 - Correction Day has Come
14:27 - When the Economy is Stronger Than First Thought
30:19 - Thump-thump the Bunny, Advanced Degrees, Credit Score Dating
35:41 - James Bullard commentary
44:27 - Pre-market Commentary; Jim Cramer's Six Things
47:27 - Why Invest in Bonds Now?
Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO, w Senior Advisor, Danny Ratliff, CFP
Produced by Brent Clanton, Executive Producer
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The latest installment of our new feature, Before the Bell | "Don't Chase Stocks Quite Yet" is here:
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Our previous show is here: "Is Sticky Inflation Entrenched in Economy?"
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Articles mentioned in this podcast:
"Gold Investors Are Betting on the Fed"
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#InvestingAdvice #InterestRates #MarketCorrection #FederalReserve #Inflation #StickyInflation #Recession #Markets #Money #Investing

[Wendathena]

Financial novice here - I feel like I am watching a weather report! More storms to come!

[rnayaksec]

Hello Lance - Given yield curve inversion you spoke of, what is the signal to move out of short-term T-Bills and into longer term bond instruments like TLT/VGLT? Yield on newly issue T-bills is falling but no drastically; which makes it a good place to rinse and repeat for safety & yield.

[TheTraderGuy]

The problem w/ economic data is it doesn't matter.

[lonnieevans]

It's also important to compare the various accounts of a bank when you're looking to stash your cash. For example, Vio Bank savings account is paying a higher-than-average 1.1%... but their money market account is paying 4.2% with nearly identical access to the funds.

[patricklauer]

Gov, plan creates inflation, than manipulate economic data.