GM68: Chief Strategist: “Most Scenerios Point to Recession” ft. Peter Berezin
发布时间 2024-08-28 13:00:00 来源
摘要
Peter Berezin Chief Strategist and Research Director at BCA Research returns in this episode to discuss with Alan Dunne why he believes the US economy will soon enter recession and the S&P 500 will fall as low as 3750. Peter highlights the leading indicators in the housing market, labour market and in manufacturing that suggest to him that the economy is on a weakening trend and why he expects the unemployment rate to rise from here. They discuss current equity valuations, the Mag 7 and why investors may be overly optimistic on AI - Peter believes his base case of a fall in the S&P 500 to 3750 might be optimistic given the elevated level of profit margins. They also delve into what a Fed easing cycle will look like in the next downturn, Peter’s call for 3% 10 year yields in the US and the implications for fixed income, the US dollar and commodities. -----EXCEPTIONAL RESOURCE: Find Out How to Build a Safer & Better Performing Portfolio using this FREE NEW Portfolio Builder Tool-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Alan on Twitter.Follow Peter on Twitter.Episode TimeStamps: 02:19 - What has changed since our last conversation?07:29 - Signs of weakness?09:31 - The key indicators of weakness12:15 - Are we actually becoming more wealthy?15:26 - Assessing the savings rate17:02 - Berezin's model for analyzing the economy20:04 - Is the lag kicking in now?22:00 - Challenges in the banking system24:37 - Are we seeing a tail wind from fiscal...
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