Another Reminder to Ignore the Forecasts

While the debt doomers circle, we’ll examine why no one is good at forecasting and why widely acceptable notions of cross-asset correlations are wrong. We’ll also focus on the market's strengths and discuss the incredible power of America’s dollar, wages, and efficient energy output. Key Takeaways [00:17] - Inflation Update + shelter’s outsized effect [06:33] - Disinflation + the debt-doom loop [09:40] - The power of the US: the Dollar, our wages, energy production [13:36] - The incredible efficiency of modern oil/energy markets [15:09] - What’s happened recently when the SP has broken a positive trend line [16:16] - The surprising market reaction to Iran’s missile attack Links Bilello: The Start of a Correction (March CPI Data) Apartment List National Rent Report (April) Grannis: Moderate growth and disinflation still alive and well Weniger: A massive wage arbitrage has opened between the US and its competitors USA has switched from large importer of oil & gas to a significant exporter Carmel: We're not in a 1970s-style oil-inflation spiral Detrick: S&P 500 broke the trend line from late October. What’s next? Carmel: We are objectively terrible at forecasting rates Roche: Why savers are in hog heaven Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.