Catalyst Watch: Is consumer sentiment just another data point in the mix?
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 4 November 2023
⏱️ 9 minutes
🧾️ Download transcript
Summary
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Transcript
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| 0:00.0 | Thanks for |
| 0:03.0 | joining us today. I'm Julie Morgan host of Wall Street Breakfast, |
| 0:05.0 | Seeking Alpha's Daily flagship podcast. |
| 0:08.0 | This is our weekly show all about the catalyst for the upcoming week. |
| 0:12.0 | I'm joined by Kim Khan. |
| 0:14.0 | He's the senior executive editor at Seeking Alpha |
| 0:17.6 | and the host of our new afternoon show, |
| 0:20.3 | Wall Street Lunch. |
| 0:21.5 | Kim, so next week, it's kind of a slow week, but I mean there is |
| 0:25.9 | consumer sentiment. Well it is definitely a slow week and I think the market deserves |
| 0:30.8 | a breather after all it's had with earnings on top of a Fed's decision, |
| 0:35.1 | on top of Treasury funding, on top of payroll's report. It's nice to take a break and kind of reassess. |
| 0:40.9 | That said, yeah, there is the Michigan consumer sentiment numbers coming out on Friday. |
| 0:46.9 | And there's a lot of debate about how much these numbers mean to the market now, |
| 0:51.0 | because everybody seems to know how to gain the system. |
| 0:54.6 | These are basically just questions of people asking how are things in your day-to-day life, |
| 0:58.6 | how you see the economy, how do you view your expectations for inflation, a whole lots of things that people can decide to |
| 1:06.4 | answer truthfully or not. And if you think about now, the main people answering these things |
| 1:11.3 | have all grown up on online surveys. |
| 1:13.7 | So I mean, if anybody's taking a buzzfeed quiz and they wanted to be Luke Skywalker instead of |
| 1:18.0 | Han Solo, they'll know what to say online. |
| 1:20.4 | And the same thing kind of applies for these things in a more political kind of agenda where people say, okay, I don't like the current administration. |
... |
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