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The Compound and Friends

It Doesn't Matter Until It Matters

The Compound and Friends

Josh Brown

Business News, Business, Investing, News

4.72.2K Ratings

🗓️ 4 February 2022

⏱️ 84 minutes

🧾️ Download transcript

Summary

On episode 32 of The Compound & Friends, Michael Batnick, Peter Boockvar, and Downtown Josh Brown discuss: the state of the economy, rate hike consensus, venture funding, $30 trillion of US debt, the market's reaction to Facebook and Spotify earnings, and much more! This episode is brought to you by Masterworks. Visit https://masterworks.io/compound to skip the 10,000 person waitlist. See disclaimer at mw-art.co/x. 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/disclosures/ Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

I mean the stock's been taught 30 plus percent AWS growth. They'll need I think with the retail

0:04.4

But get it the retail business the problem with the retail business is that

0:08.7

Everyone else is getting good at it

0:10.5

They're great, but every their competition is getting more intense

0:15.4

Yeah, I'm saying like Walmart and Target and you know Walmart

0:19.7

Chewy and even from pet care. Yeah Shopify just they're great Amazon, but they're competitions

0:25.6

Holy fucking shit. Really good guys. Yeah, yeah, absolutely. So

0:31.2

Amazon has underperformed the S&P over the last three years

0:35.5

Yeah, I knew it's been going sideways for a long time

0:39.6

I think it's the retail business. It's a low margin

0:45.6

And now they're experiencing labor cost issues and

0:48.8

Shipping the stocks down to seven percent going into earnings. I mean, it's

0:52.1

Expectation to low, but so I wouldn't be surprised if it had a bounce

0:57.1

I wouldn't be it's gonna open down 14%

1:01.4

I mean

1:02.8

Holy smokes. Yeah, holy smokes wait what happened just said yeah, I'm just like holy smokes. It's down so much already

1:10.9

I know it's down right seven percent the setup is good. Why do we think why do we think there's so much more room to fall?

1:16.9

I agree

1:17.8

Also all these people selling what are they

1:21.3

Then what if you just blew out of Facebook, what are you doing with that money? You're you're

1:26.0

You'reatically your mandate is you're investing it in large cap world stock. Yeah for the for those managers for sure

1:31.4

No, gotta get nothing got a cats

...

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