Inflation Cools Down, Stocks Heat Up

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.3 • 3.1K Ratings

🗓️ 14 November 2023

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

Inflation is closer to the Federal Reserve’s target. Restaurant employment is back to pre-pandemic levels. Maybe the economy is landing softly. (00:21): Ricky Mulvey and Asit Sharma discuss: - What lower inflation means for stock investors. - Sticky housing prices. - Home Depot’s quarter and sales decline. - What softer spend on big-ticket purchases means for Trex. Plus, (13:32) Alison Southwick and Robert Brokamp air some economic grievances discounts, shrink, and dynamic pricing. Companies discussed: HD, TREX, AAPL, COST Stock Advisor discount: www.fool.com/mfmdiscount Hosts: Ricky Mulvey, Alison Southwick Guests: Asit Sharma, Robert Brokamp Engineers: Dan Boyd, Rick Engdahl Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Inflation cools, but stocks are heating up. You're listening to Motley Full Money. I'm Ricky Mowel. I'm Ricky Mowel. I'm Ricky Mowel. Be joined today by Osset Sharma Osset good to see you.
0:24.6	Ricky thank you for having me glad to be here of course thanks for being it'd be hard to do the show by myself
0:30.5	so I appreciate you being here. The headline story today, I think the reason why stocks are having a good day.
0:36.2	Not even I think, I'm pretty darn sure about this.
0:39.8	Consumer price index reported for October.
0:42.8	Inflation rising at the coolest pace since 2021.
0:46.4	Prices are up 3.2% year on year.
0:49.2	We got to use the decimal for inflation.
0:51.0	Apologies.
0:52.0	That's 4% though. If you strip out food and those
0:55.2	volatile energy costs, Osset, why's the stock market so giddy about this news?
1:00.1	Ricky, the stock market's so giddy because it's not just one person is the action is very broad-based and the reason is this economy for the longest time
1:14.8	has felt like it wants to be in expansion mode that's why we never got that
1:19.7	promised recession in 2023.
1:22.8	That's why we got that big GDP report last quarter.
1:26.5	But we have on the other hand news that maybe,
1:29.7	maybe inflation is cooling.
1:32.0	That means that the economy can expand without this
1:36.1	inflationary pressure we've had for quarters upon quarters. So there's so many
1:41.5	sectors across the economy that can go ahead with their capital expenditures can go ahead with projects.
1:48.0	Everyone can benefit from this and so you've got a lot of different sectors I'm seeing that haven't experienced any sudden
1:57.4	stock price in a while up in green today.
	...

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