(5/16/23) Markets have endured a sideways pattern for the past month and a half, and are now in a wait-and-see mode, ahead of economic data. Retail Sales for April were up a less-than-expected .4% in April, belying a fundamental weakness in the economy. Markets are also in suspense over the Debt Ceiling discussions this week; price compression continues, as well; what will be the next trigger? The Atlanta Fed Wage-growth Tracker may be seeing the first signs of an economic downturn; a sharp drop in employment from higher-than-normal levels; the NY Fed Manufacturing Index is also a key indicator; it will take longer to get to Recession from elevated levels. Artificial Intelligence is a continuation of the Industrial Revolution, and has been underway for past ten years; where is the value? The Ai Era will end over valuations; the impact of Ai and Tech stocks on markets; economic preview of Retail Sales; why is Home Builder sentiment still high?
SEG-1: Retail Sales Preview: Markets in a wait-and-see mood
SEG-2: First-signs of an Economic Downturn
SEG-3: Ai is a Continuation of the Industrial Revolution
SEG-4: How the Ai Era Will End: Valuation
Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO
Produced by Brent Clanton, Executive Producer
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The latest installment of our new feature, Before the Bell | "Retail Sales Reveal Cracks in Economy" is here:
https://www.youtube.com/watch?v=CU18es76H4U&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1
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Our previous show is here: "Is a Surge in Unemployment Coming?"
https://www.youtube.com/watch?v=nZImk_7Lp08&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=4s
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Article Mentioned in Today's Show:
"The AI Revolution. A Repeat Of History."
https://realinvestmentadvice.com/the-ai-revolution-a-repeat-of-history/
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