Markets Weekly April 13, 2024

#federalreserve #marketsanalysis
Inflation Data Shocks Market
Fed is Still Cutting
Bernanke visits the Bank of England

00:00 - Intro
1:19 - Inflation Data Shocks Market
5:36 - Fed is Still Cutting
10:05 - Bernanke visits the Bank of England

For my latest thoughts:

For macro courses:

My best seller on monetary policy:

[LeveragedAlpha]

Such a rare skill set to have an out of consensus view, and have it explained in a manner that an experienced market participant can appreciate, and a layperson can comprehend. You are doing magic, Joseph!

[pch]

You're a lovely man and I'm sure you are well versed with a whole bunch of fancy charts. All I got to go by is my grocery bill, rent and day to day costs. They are all going up for me. That's my view.

[vijayseema]

Joseph great video . Would appreciate your reason for so much bullishness . Thanks

[Afsaroseli]

A little more global macro would be fantastic. Just an idea. Thanks for the uodates

[AllNighterHeider]

You have way more understanding and experience than I, but, Im thinking higher for longer. Seems like the fed wants some ammo to be able to cut rates and not cut too soon. Im estimating 0-1 rate cut for this year.
Thank you so much JW

[michaelbutler]

Great video Joseph. First saw you speak at the CFA dinner in Calgary a few years ago and have been following ever since. Enjoy hearing your thoughts each week

[jarronjackson]

I appreciate my Cousin Joseph's weekly videos!

[InvestingWithAdamK]

Love the analysis. Thanks for the video. Similarly I bought on Friday as well and hope it works out.

Also agree on 3 cuts. Powell has been pretty straightforward the whole time estimating 3 cuts. The markets thought 6-7, now 0-3 and the Fed has been saying the same thing. I’ll trust their direction

[USGrantst]

I like Joseph, he is the only one who is not afraid to say that everything is just fine.

[pietrod]

Americans are good with data and softwares and money. There’s little of that in the EU (not just UK). Great vids as always 👍

[RogerYeahmon]

"if nothing bad happens over the weekend" - jinxed it 😅

[janusaflorida]

Great explanation of current status of PCE and CPI in US

[question_asker_]

Wish these vids were in 1080p, or even 1444p. Sounds would be much better. Love these vids!

[ul]

The PCE forecast you showed for march is still higher than february which was also higher than january, thus PCE is on the rise again

[ChuckSwiger]

A hotish CPI and moderate PPI may be a positive for earnings reports.

The Bernanke / BOE thing reminds me of The Monty Python Crimson Permanent Assurance sketch. :)

[janusaflorida]

Glad to hear Bank of England will be improving things per Bernanke's advice. Perhaps Bank of Canada will do same.

[FOREX-MARKET]

good luck with ur SPX trade, i think it's to early
plz can u do for us some earnings coverage

[Anon-ndek]

Great work Joseph, thank you for all you do!

[fabiodentamaro]

I do not understand how one can say inflation PCE is going down.... overall the trend is clearly higher. Having a wrong picture of inflation does not help the macro view. sorry for that and all the best

[gmil]

Increases in CPI is not necessarily inflation. Also, the CPI has components that make it a lagging metric. Consider truflation rate now estimates inflation at 1.69%. China is experiencing outright deflation. Inflation stickier than expected? The inflation impulse is completely melted. The FED doesn't guide markets. The markets guide the FED. The hubris of the FED is quite remarkable. I can't think of a more fiscally irresponsible entity than the federal government. We need smaller government, smaller FED. We don't need central planners.