Jobs Friday: When Good News Is Bad News

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 4 June 2022

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Nasdaq Composite led stock indexes to the downside on Jobs Friday, as an expectations-beating report on the May employment situation has investors believing the Federal Reserve will continue its aggressive monetary tightening program. Jim Bianco of Bianco Research has long held that the “Fed Put,” in place since 2008-09, is now dead, killed by inflation. Bianco joins Real Vision’s Ash Bennington to talk about today’s jobs report, the market’s response, and where the Fed goes from here. We also hear from Peter Zeihan about what constrained food and energy markets mean for the geomacro environment. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3ma3PmD. Watch the full conversation featuring Peter Zeihan and Maggie Lake here: https://rvtv.io/3asGNoM. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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1:22.7	Welcome to the real vision, daily briefing. It's Friday, June 3, 2022. The first Friday of
1:28.1	the month, happy NFP day. Everybody, I'm Ash Bennington joined shortly by Jim Bianco,
1:34.6	president and founder of Bianco Research. Before we jump in with Jim, a quick look at US
1:40.8	equity markets on NASDAQ down for the day, flirting with almost two and a half percent decline
1:47.2	as the numbers bounce around here on the close looks like 12,012 spot 73. NASDAQ is the
1:55.2	leading a loser of the day. I don't know if that's such a thing leading loser. It's the
1:58.5	worst performer of the day. S&P 500 off one spot, 64% closing out the week at 4,108 Dow
	...

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