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Why the Market Has Sold Off and What Should You Do

28 min • 7 augusti 2024

In episode 489, we examine three factors that contributed to this week's big stock market declines, analyze whether a recession is imminent, and review David's recent portfolio changes.

Topics covered include:

The benefits of looking at market and economic trends monthly
How bad was the recent U.S. employment report and what is the Sahm Rule
What are leading economic indicators saying about recession risk
Why the Federal Reserve will be lowering its policy rate, leading to lower cash yields
Why the Japanese yen strengthened, leading to market turmoil
Why investors are rotating from large cap growth to small cap value stocks
How David locked in higher yields

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Show Notes

Transcript of Chair Powell’s FOMC Press Conference July 31, 2024—The Federal Reserve

Goolsbee Says Fed Won’t Overreact to One Month’s Data by Catarina Saraiva and Ananya Chag—Bloomberg

Congressional Budget Office Updates Baseline: Deficit Spending is 27 Percent Higher Than Previously Estimated—U.S. House Budget Committee