Let's talk about markets telling us the future....
Belle of the Ranch
Belle of the Ranch
4.9 • 1K Ratings
🗓️ 11 November 2024
⏱️ 4 minutes
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Summary
Let's talk about markets telling us the future....
Transcript
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| 0:00.0 | Well, howdy there, Internet people, it's Bell again. |
| 0:04.5 | So today, we're going to talk about what stocks and bonds are telling us about the future. |
| 0:10.9 | The headlines were out there. |
| 0:13.5 | After the election, the stock market hit record high. |
| 0:17.2 | And of course, Trump is claiming credit. |
| 0:20.5 | It's true, there were record closes on the 6th and 8th of |
| 0:24.3 | November. But if you're going to give him credit for those two record closes, you have to explain |
| 0:31.2 | the previous seven record closes in October. I'm sure some will say it's because people thought he was going to win. |
| 0:39.6 | Then you have to explain the 40 record closes this year prior to the election. |
| 0:45.7 | Trump is riding in on a stock market heading the right way and claiming credit for it. |
| 0:51.7 | But more importantly, the stock market should go up right now because of |
| 0:56.6 | Trump taking over. Trump is talking about giving the rich more tax breaks. That's good for the boss. |
| 1:04.7 | Those tariffs that will have to pay will give the companies an excuse to raise prices and |
| 1:10.7 | increase revenue. But here's your |
| 1:13.8 | periodic reminder that the stock market isn't a good indicator of the overall economy, or whether |
| 1:20.2 | a president is good for the economy. Do you know what else happened while the market was |
| 1:25.8 | continuing its rally? |
| 1:27.8 | Bond yields went up. |
| 1:30.2 | Long-term Treasury bond yields shot up, and generally they go the same way interest rates go. |
| 1:37.2 | So they should be going down. |
| 1:39.8 | Now, there was probably a little emotion in the climb and yields and the interest rate cuts |
| 1:45.3 | might push the yields back down to know why this matters you have to really get what a |
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