Hottest Stocks of the Year, Nvidia Tops Out, Predicting Recessions With Nick and Jessica

The Compound and Friends

Josh Brown

News, Business, Business News, Investing

4.8 • 1.9K Ratings

🗓️ 25 June 2024

⏱️ 88 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this TCAF Tuesday, Josh Brown is joined by Nick Colas and Jessica Rabe, co-founders of DataTrek Research, to discuss the biggest misconceptions in the market, Nvidia and tech overcrowding, energy and oil stocks, the Sahm Rule Recession Indicator, and more! Then, at 37:22, hear an all-new episode of What Are Your Thoughts with Josh and Michael Batnick! Thanks to Public for sponsoring this episode! Visit https://public.com/ to learn more! The Compound x Tropical Bros: https://tropicalbros.com/products/super-stretch-the-compound-hawaiian-shirt Sign up for The Compound newsletter and never miss out: https://www.thecompoundnews.com/subscribe Check out the latest in financial blogger fashion at The Compound shop: https://www.idontshop.com Instagram: https://instagram.com/thecompoundnews Twitter: https://twitter.com/thecompoundnews LinkedIn: LinkedIn: https://www.linkedin.com/company/the-compound-media/ Public Disclosure: A High-Yield Cash Account is a secondary brokerage account with Public Investing, member FINRA/SIPC. Funds from this account are automatically deposited into partner banks where they earn a variable interest and are eligible for FDIC insurance. Neither Public Investing nor any of its affiliates is a bank. Learn more at public.com/disclosures/high-yield-account Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Ladies and gentlemen welcome to the compound and friends. I am your host downtown Josh Brown.
0:06.0	Tonight's show is a lot of fun. I want to shout out our sponsor Public and the public training app public.com they have an industry leading 5.1
0:17.2	percent APY on cash. They're using US T bills in order to generate that yield. There are no fees. There's no subscription required.
0:27.3	You can open an account and move money from your bank literally in like a minute maybe even less one of the highest
0:34.8	rates in of all the major providers unlimited transfers and withdrawals this is
0:40.4	a paid endorsement for public investing.
0:42.8	5.1% APY is as of March 26, 2024,
0:47.2	subject to change.
0:48.6	Full disclosures can be found in the podcast description.
0:52.0	All right, we talked to Nick and Jessica,
0:54.0	and they had just gotten back from Switzerland
0:58.0	and spent a week talking with institutional clients,
1:01.0	very smart people,
1:02.0	came back with a lot of interesting things to discuss,
1:06.1	and we look at this thing called, I think it's the Somme Indicator, the Somme Rule. Anyway, it's a way that you can determine the start of a recession
1:18.8	utilizing just public unemployment data, but basically we're looking at the momentum of unemployment
1:29.6	to get a better sense of where the headline number's going. That's a really fun
1:33.9	discussion. Following that another all new what are your thoughts with Michael?
1:38.1	We talked about NVIDIA topping out, looks like it's it's a top, I suppose we'll all find out together, but we just talk
1:47.5	about bearish engulfing candles in general, what they mean.
1:51.2	We get into some of the money rotating out of tech into other areas of the market,
1:55.6	and so much more. I don't want to spoil it for you, so without any further ado,
	...

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