The New Bull Market

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.3 • 3.1K Ratings

🗓️ 16 June 2023

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

Some are saying it’s a bull market, we’re calling it a giddy one. (00:21) Ron Gross and Matt Argersinger discuss: - The latest inflation numbers and the Fed’s plan to “skip” a rate hike. - How a small group of companies are driving market returns, and why the rest could catch up. - Why the market was hungry for shares of restaurant brand Cava. (19:11) Polina Pompliano shares some unconventional business advice and insights from her new book Hidden Genius: The secret ways of thinking that power the world's most successful people. (35:13) Ron and Matt break down two stocks on their radar: Chevron and Burford Capital. Stocks discussed: CAVA, NDAQ, KR, ORCL, SPOT, SHOP, CVX, BUR Host: Dylan Lewis Guests: Matt Argersinger, Ron Gross, Polina Pompliano Producer: Ricky Mulvey Engineer: Dan Boyd Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Investors are hungry for a new IPO.
0:07.0	Motleyful money starts now. Everybody needs money.
0:27.8	That's why they call it money.
0:30.0	The best things in life are free.
0:33.3	But you can give them to the pros and bees.
0:36.6	From Fool Global Headquarters, this is Motley Fool Money. It's the Motley Fool Money Radio show. I'm Dylan Lewis, joining me in studio, Motley Fool senior analysts, Matt Argusinger, and Ron Gross. Great to have you both here. Dylan. You doing, Dylan. We've got a splashy IPO, a look at Hidden Genius and stocks on our radar, but we are kicking off with the big macro.
0:56.5	Ron, we got an update on inflation this week.
0:58.6	New CPI data shows inflation up 4% for the year, ending in May, down from April's check-in,
1:04.2	and down substantially from last year.
1:06.5	This seems like good news, Ron?
1:08.0	Yeah, I'll take good news where I can get it.
1:10.5	Lowest level in about two years. That sounds like good news to Ron? Yeah, I'll take good news where I can get it. Lowest level in about two years.
1:12.3	That sounds like good news to me.
1:14.3	The smaller than expected increase reflects decreases in the cost of energy,
1:21.3	gasoline and electricity included in there, a slowdown in food price increases,
1:26.5	but on the other side, rent and housing does
1:31.0	remain elevated, used cars and trucks do remain elevated.
1:35.5	This is somewhat backward looking, which is a criticism the Fed has fallen to.
1:41.3	Those things do remain elevated, and they're important because housing makes up about
1:45.7	one-third of the indexes waiting. So whatever happens to housing is going to have a really
1:50.6	big impact on that consumer price index. Core inflation, if you strip out food and energy,
1:57.5	a little bit hotter, up 5.3% from a year ago. So important to understand that as well.
	...

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