Podcast: Careful what you wish for, market.
Saxo Market Call
Summary: Today we look at a weak Q2 US GDP estimate pumping up the market due to the softening of financial conditions, with a further pump in late trading on Amazon and Apple earnings reports. Today we remind listeners that in the big cycles past that actually did see a recession, the market found its bottom as the Fed struggled to ease enough to catch up with a deteriorating economy, so in cycle terms, the market should be a bit careful what it hopes for here. John J. Hardy hosts.
Listen to today’s podcast - slides are found via the link.
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