This morning I’m on Bloomberg TV, from 11:00am to noon, on the show Open Exchange with Michelle Safo. We will be discussing the Markets, Fed speak, the slowing economy, various sectors, and whatever else comes up.
Some bullet points I hope to hit:
• Inflation remains elevated, as the economy slows: Demi-stagflation
• Where’s the leadership? Last week’s rally saw Utilities and Telecoms, hardly the sectors you want to see pulling the train.
• eBay, Disney, GE, Mosaic are some of the stocks we will discuss.
If you are not near a TV, you can stream it here:
http://www.bloomberg.com/tvradio/tv/
Should be fun. . .
Love the comment from the oil trader:
“I’m a fascist”…….and then the uncomfortable silence..quick cut to Barry!!! I bet Alex is not a guest on Bloomberg any longer……..
BTW nice tie…
Ciao
MS
Did anyone notice that Kudlow started to acknowledge high inflation? Seems to me more economists are paying attention to inflation now than insisting “core inflation number is benign”.
Barry, you may want to take a wild stab and guess the economy may have contracted slightly during the first quarter. Consumers retrenched after a spree during the last quarter and falling capital spending may have been enough with falling residential investment to stall things out if not contract slightly.
We have not seen it in labor reports or claims, but that is expected considering the lagging nature they are to growth.
Inflation? Come on now. Bernanke just tell us how “contained” it is. It’s not like …
Crude oil futures are up almost $2 to $65.83 … the highest level since September.
The 10-year TIPS spread is up again to 246 basis points.
Long bonds have fallen in price for 10 out of the past 12 sessions.
Respondents polled by the Conference Board expect inflation to be running at a 4.9% rate 12 months from now. That’s up from 4.8% a year ago and the highest reading since October 2006.
Core CPI is still up 2.7% nine months after the Fed stopped hiking rates.
If any of those things were true, then you could say inflation was a problem. But thankfully, they’re not (ha-ha)
I know you’re a fan of Lowry’s Barry, and have cited their work in the past. Wondering your take their % of stocks above 10 day ma indicator. Basically screams rabid bull. I know 94% ain’t 100% and anything can happen, but does it make you think this might not be the year we go to hell?
I just found out that my 15 shares of Disney stock (I got 5 shares as a Bar Mitzvah present, then they did a 3-way split) somehow became unclaimed property. I’m in the process of, er, reclaiming them… I have no idea how the hell I lost them, either.
Barry, I missed your Bloomberg appearance. Where do you think DIS is going? Screamer says it’s a buy, which is why I’d really like to hear your analysis…