Ep. 523: Andrew Horowitz: Bull Market Euphoria

Wall Street Unplugged - What's Really Moving These Markets

Frank Curzio

Business, News, Commodities, Debt, Investing, Macroeconomics, Gold, Personal, Uranium, Oil, Economics, Business News, Geopolitics, Industry, Crypto, Stocks, Curzio, Trading, Finance, Research, Investments, Tokens, Talk, Crisis

4.5 • 1.1K Ratings

🗓️ 7 June 2017

⏱️ 66 minutes

🔗️ Recording | iTunes | RSS

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Summary

Longtime friend, Andrew Horowitz, and I were talking on the phone the other day… Apart from catching up as close friends, we dove into some interesting talks about today's economy… I mean, how could we not? Oil and financials are rolling over, wage growth & home-sales are weakening, auto sales are down, commercial real-estate… yikes. And, on the other hand, you have only a select group of stocks (FANG) that’s really pushing this market… all while the “investor fear gauge” known as the VIX is sitting below 10. Basically, we're seeing correlations we've never seen before... intertwined with market highs that have never been reached. Andrew is calling today's market "terribly euphoric." And although I love proving him wrong, with that statement, I couldn't agree more. So on this week’s episode, as two guys sitting at a bar over some beers would do - we're taking this conversation in every direction. No agenda.. No bullish or bearish anything… Instead, we're taking a step back. And looking at the market as a whole - analyzing the recent “hard” economic data, earnings, politics, bitcoin, and even fishing. Conversations like this is what my podcast is all about. Just click here to listen… As always, thanks for tuning in and good investing, Frank Curzio

Transcript

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0:00.0	Wall Street Unplugged looks beyond the regular headlines heard on mainstream
0:06.0	financial media to bring you unscripted interviews and breaking commentary direct from Wall Street
0:11.7	right to you on Main Street.
0:14.0	How's it going out there?
0:17.0	It's Wednesday, June 7th.
0:18.0	And I'm Frank Curzier hosting the Wall Street Unplugged Podcast White,
0:21.0	break down the Headlines End
0:23.4	Tell you what's really moving these markets.
0:28.2	What a crazy market.
0:31.7	And stocks at all time highs, you have technology stocks, notably Fang, right?
0:37.0	Facebook, Amazon, Netflix, Google, continue to run higher.
0:41.0	By the way, some brokers firms are throwing Apple into Fang now, so it's F-A-A-A-N-G using 2-A-A-A-N-G in the acronym now.
0:49.0	From Apple in that mix.
0:51.0	Pretty soon they're going to throw it.
0:52.0	Invidia in that mix, who knows what else.
0:55.8	But interesting market, right?
0:57.3	We're seeing select stocks really pushing the entire market higher,
1:00.9	yet,
1:07.5	yeah, the stocks are record highs when oil and financials are rolling over, something you really never see with the markets at all-time highs, if you're looking
1:11.8	back at history.
1:13.8	We also have a weakening economic backdrop.
1:16.9	Again, something that we're not used to seeing over the past few years where, yeah, you
	...

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