The FarrCast : Wealth Strategies
Business:Investing
Are We Just a Ball of Yarn and They're a Large Cat?
Jim Iuorio joins in with a check in on the markets. Listeners to the FarrCast know that when the markets bounced on Christmas Eve, there would be a pause in the rally about 2645 (and there was) and then at 2800 (and here we are.) Jim says to break higher we need two things: a real (even if incomplete) agreement with China, AND the Fed doesn't re-pivot and turn hawkish. If we see a "grace period" Jim thinks the markets will power through the 2800 level.
For the second segment, Dan Mahaffee joins us -- it's a big week in DC. Trump walked away from the table in VIetnam -- The President saw a no deal was better than a bad deal with North Korea. Dan explains Robert Lighthizer's task: negotiating any enforcement of a deal with China. It's a huge task, but incremental progress seems to being made. Dan says we get a deal, but it will be vague, and there will likely have a "snapback" tariff mechanism. Meanwhile in DC, the Democrats are sorting out the 2020 contenders, and Dan says a Biden announcement appears imminent.
Michael closes the show with a visit down memory lane to the Financial Crisis. Michael explains how the limits of supply side solutions to the Financial Crisis are reaching their limits now. And what that means for the economy and investing climate today and tomorrow. There is a path forward -- it's not bleak. Consumer growth is key.
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