Markets Weekly May 25, 2024

#federalreserve #marketsanalysis
Latest Household Well being Survey
Political Winds Shifting For Crypto
Fed Still Gazing at the Stars

00:00 - Intro
1:22 - Latest Household Well being Survey
9:04 - Political Winds Shifting For Crypto
12:44 - Fed Still Gazing at the Stars

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[expert]

Your video serves as a calming beacon, particularly when financial markets are in tumult. Your analysis offers a prudent course of action, fitting seamlessly with the current stage of the economic cycle. Nonetheless, one cannot overlook the expanding mainstream adoption of cryptocurrencies since 2019, as well as the fervent discourse surrounding prospective Bitcoin and Ethereum ETFs. Might these elements sustain the market in this particular cycle? Speculation abounds that we are on the verge of a significant market upswing, making this a moment of great import for any discerning investor. My own portfolio, enriched by 34 bitcoins in a mere seven-week interval, serves as a compelling testament to Aaron Klaus financial wisdom.

[simrans]

The moment Joseph says, "Hello my friends" and smiles - I know I am in good company :-)

[MichaelHarrington]

Thanks Joseph - best time value of 20 minutes every week.

[imjamming]

The inflation ordinary people are feeling is for essential items like higher premiums for auto insurance(up 26% from the previous year), homeowners insurance - up 23% from 2023 affecting homeowners, as well as renters and medical insurance. This is on top of high food prices, and higher gas prices.

[yodurk]

Joseph, good point on inflation. Regardless how the gov't defines it (rate of change), to most normal people it's perceived as price levels. When people say inflation is killing them, usually it means the surge in prices hurts regardless of when it happened, even if most of that surge occured back in 2021-2022. Most people's paychecks and wages/salaries just haven't gone up as much as inflation of the past few years so of course it's a big stressor, even today. That doesn't even get to the part where inflation is under reported by the gov't, things like changes to formulas, etc.

[masonsteed]

Still here, still absorbing. Thank you so much

[paulburbank]

The price indices in the last 3 plus years have underestimated price inflation to an unprecedented extent. This has distorted economic data.

[chrisp]

Another wonderful episode! Fantastic comments on r*
And I really love the minimalist approach & background. Thank you for all your hard work Joseph!

[marilynnschroeder]

1:38 I don’t know which household they surveyed but it is quite obvious to me and many in my circle of influence that our households are not okay. I’d love to see where this data is coming from. 2:49 40% higher? Housing costs being 40% higher than just a few years ago is a major indicator that we’re not okay!

[showandtell]

The video background and the dress shirt makes me feel like im getting briefed in the matrix.... And i love it.

[Lights_Darks]

Thanks, Joseph. Appreciate the explanation on R*. Have a good weekend.

[GenXstacker]

I feel like crypto is heading for a big crunch. As you said, interest is plummeting, yet it's going up because speculators are trading the ETFs. Market speculators are not HODLers. At the first sign of trouble they will dump the ETFs or go short.

[MurrayLake]

Joseph, I think you would attract a lot of viewers if you provided a weekly update/forecast of market liquidity. It seems to me that you are better positioned than almost anyone to track this important driver of asset values.

[MrUseur]

Hello Joseph, have a good weekend. Thank you.

[rifleman]

Bottom line inflation is kicking everyone's ass and with the 4th Industrial Revolution/Onshoring Inflation will only increase. Debt, Commodity super cycle will also push inflation higher.

[nonexistent]

Households say rising cost of living is their number one pain point. Joseph says they're just buying more than they need and that's why they can't save. Shame on dumb households being so irresponsible. They need to just stick to essentials. Those have only gone up 40% while incomes have gone up 20%. Then they'll be fine.

[Lewistoneb]

Why go to college when you can get free educational content like Markets Weekly.

[Red]

Joseph. I get confused and perhaps you can teach me the bottom line. Our stock markets keep going north and that tells me people feel well off and confident in the economy. This reflects not only the indices but also 401k and IRAs. My confusion is how can the fed effectively fight inflation when these markets continue up? Complicating this observation is the government getting crypto friendly. That includes the Trump efforts now accepting crypto contributions.

[AllNighterHeider]

Always a good time when you and Zuber get together.
Thanks JW, see you next week

[stevelee]

I wonder if the crypto survey was only from US households. Thanks again Joseph for another recap!