What Are Your Thoughts 7/31 (Josh and Michael)

The Compound and Friends

Josh Brown

Business News, News, Investing, Business

4.7 • 2.2K Ratings

🗓️ 31 July 2019

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

Josh Brown here - Michael Batnick and I return with an all new What Are Your Thoughts! Today's topics: * What technologies that we use now that will soon be obsolete? * Why bother worrying about manufacturing data when consumer data is what drives the economy? * 75 million Amazon customers are watching shows on Prime Video - what the hell are they watching? * Where does Once Upon a Time in Hollywood rank in the Tarantino pantheon? * Is Chipotle the greatest consumer turnaround story of our time? What lessons can investors take from its comeback? * Why is the Federal Reserve cutting interest rates for the first time in almost 4,000 days? * Esports - how can we make money from this? * Was the Wall Street Journal too harsh on the CFP Board? As always, we love your feedback and ideas, so let us know what you think about these topics below! Check out the corresponding video on our YouTube Channel: https://www.youtube.com/watch?v=6Co78bh5ANg&t=316s 1-click play or subscribe on your favorite podcast app Subscribe to the mini podcast on iTunes or Spotify Enable our Alexa skill here - "Alexa, play the Compound show!" Talk to us about your portfolio or financial plan here: http://ritholtzwealth.com/ Obviously nothing on this channel should be considered as personalized financial advice just for you or a solicitation to buy or sell any securities. Please see this 3,000 word terms & conditions disclaimer: https://thereformedbroker.com/terms-and-conditions/ 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	Hey, I'm downtown Josh Brown.
0:01.6	This is an all new edition of What Are Your Thoughts?
0:04.2	I'm here with Michael Batnick, as always.
0:06.2	Michael does not know what I'm going to ask him about.
0:08.8	I have an idea.
0:09.6	What?
0:10.6	I'm just saying, I have some ideas of what you're going to ask.
0:12.3	All right, Michael maybe knows a little bit about what I might ask him.
0:15.9	I don't know what he's going to ask me.
0:17.4	I have no idea.
0:18.5	Let's get into it.
0:20.1	All right, Mike, I'm going first, as always. I want to ask you, I saw a chart the other day from Goldman Sachs, and they were pointing out that most of the volatility in things like interest rates comes from the release of manufacturing data,
0:35.0	weekly, monthly, but a very, very small and shrinking component of actual
0:42.0	GDP is coming from manufacturing. small and
0:43.0	small and shrinking component of actual GDP is coming from manufacturing data.
0:45.0	So my question to you is,
0:48.0	let's say over the last 10 years as an investor,
0:50.0	you ignored all of that stuff
0:52.0	and the only thing you paid attention to is the
0:54.3	consumer. So you watched retail sales, housing starts, wages, unemployment, wouldn't
1:00.8	you have just been way better off as an investment?
1:02.6	Wouldn't that have just kept you in the market
	...

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