Flash Crash or Recession? (EP.372)

Aug 7, 2024

Market mayhem takes center stage as the hosts debate whether we're facing a flash crash or the symptoms of an impending recession. They reflect on Japan's interest rate hike and its global impact. The discussion shifts to the challenges of the restaurant industry, technology’s influence on jobs, and the evolving landscape of service wages. Insights on inflation connect to classic movie reflections, while the hosts express mixed feelings about upcoming films, keeping the conversation lively and engaging.

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INSIGHT

Powell's Missed Fed Victory Lap

Jerome Powell missed an opportunity to signal Fed victory with a 25 basis points rate cut.
This failure to act early has left markets jittery and markets may need more explicit guidance soon.

ADVICE

Automate Investing Through Chaos

Automate index fund purchases to avoid stress during market volatility.
One day of trading chaos won't make or break your investment strategy.

INSIGHT

Entrenched Inflation Vibe Shift

The inflation vibe shift is firmly entrenched, signaling a possible soft landing in the economy.
This reduces the desperation for immediate Fed intervention despite mixed signals from labor data.

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On episode 372 of Animal Spirits, Michael Batnick and Ben Carlson discuss: market mayhem, Japan's 1987 crash moment, Jerome Powell's legacy game at Jackson Hole, recession worries, the worst asset class for the next decade, the vibe shift on inflation, the Godfather of the 21st century, and much more!

This episode is sponsored by Global X. Visit https://www.globalxetfs.com/ to explore a lineup of more than 90 ETFs, along with insights to help you navigate a dynamic investing landscape.

Find complete show notes on our blogs:

Ben Carlson’s A Wealth of Common Sense

Michael Batnick’s The Irrelevant Investor

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Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management.

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