Riding the Waves: Navigating Market Surges, Powell's Curveball, and the Path to a Soft Landing

In this episode, Jason Jacobi delves into the recent surge in the equity market and its correlation with Fed Chair Jerome Powell's press conference. Examining the Federal Reserve's historical performance, he assesses the potential for a soft landing in the economy. Jason explores the concept of a rolling recession and its diverse implications across various sectors. Stressing the significance of selective equity investing, he also offers valuable insights into effective fixed-income strategies, such as extending duration in bond portfolios. The episode culminates with a concise summary of essential takeaways and a teaser for the next episode, focusing on the outlook 2024. Chapters: 00:00 Introduction and Market Update 01:26 Jay Powell's Press Conference 03:21 The Fed's Track Record and Soft Landing 05:44 Rolling Recession 07:38 Implications for Companies 09:06 Equities and Bonds 11:30 Selective Equity Investing 13:23 Fixed Income Strategy 14:56 Extending Duration in Bond Portfolio 19:16 Total Return in Fixed Income 21:25 Summary and Outlook Links: Our Website: (https://boyerfs.com/insights/the-closing-bell-podcast/) Apple: (https://podcasts.apple.com/us/podcast/the-closing-bell/id1708657432) Google: (https://www.google.com/podcasts?feed=aHR0cHM6Ly9tZWRpYS56ZW5jYXN0LmZtL3RoZS1jbG9zaW5nLWJlbGwvcnNz%3D) Spotify: (https://open.spotify.com/show/0vyXQFOQdYNvyzgSLzGe2E) -- Important Disclosures: The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk. The economic forecasts set forth in this material may not develop as predicted and there can be no guarantee that strategies promoted will be successful. Investing involves risk including loss of principal. Jason Jacobi & Mark Boyer are registered principals with, and securities and advisory services offered through LPL Financial. A Registered Investment Advisor. Member FINRA/SIPC.