What’s Next for 2023?

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.3 • 3.1K Ratings

🗓️ 7 July 2023

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

Higher rates are here to stay, and some stories we expected to see in the first half of 2023 might still be ahead of us. (00:21) Jason Moser and Matt Argersinger discuss: - Whiplash in employment data, and the certainty of rate hikes for the rest of the year. - Meta’s new app Threads and what it means for Twitter. - Some surprises from the first half of 2023 and stories to watch for the rest of the year. (19:11) Motley Fool Money’s Deidre Woollard spoke with Smith about the cycles in digital media, his new book Traffic, and how one legacy media company has managed to stay on top throughout all the shifts. (32:04) Jason and Matt break down two stocks on their radar: Vesta Real Estate and Callaway Golf. Stocks discussed: AAPL, META, NYT, BZFD, AMZN, VTMX, MODG Host: Dylan Lewis Guests: Matt Argersinger, Jason Moser, Deidre Woollard, Ben Smith Engineer: Dan Boyd Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Will the credit crunch ever come? Motley Fool Money starts now.
0:09.0	Everybody needs money. That's why they call it money.
0:29.0	This is Motley Fool Money.
0:39.0	It's the Motley Fool Money radio show.
0:45.0	I'm Dylan Lewis joining me in studio.
0:49.0	Motley Fool's Senior Analyst Jason Moser and Matt Argersinger.
0:53.0	Great to have you both here.
0:57.0	We got an update on unemployment numbers and employment numbers this week from two different sources.
1:07.0	I have to say trying to pay attention to these numbers at a little bit of whiplash.
1:11.0	You're not the only one, Dylan.
1:13.0	It was like a head fake on Thursday when the ADP came out, which is all about private sector jobs.
1:17.0	They reported a job growth of almost 500,000.
1:21.0	We're setting up for Friday's labor report thinking, wow, okay, we might get a big number there too.
1:25.0	The labor department came out with a report that showed payroll numbers rose just 209,000.
1:31.0	That's actually the lowest number since way back in December 2020.
1:35.0	There's a methodology difference between the ADP and the labor department ADP is looking at actual paychecks, labor departments more of a survey.
1:45.0	Over time, these numbers tend to converge.
1:49.0	If you look at the first six months of the year going by just the BLS numbers, which also includes some downward revisions,
1:55.0	we're now showing an average monthly gain, job gain of 278,000.
1:59.0	Still pretty strong, but that's actually down a lot from almost 400,000, the 400,000 monthly average we had for the first six months of 2022.
2:09.0	There is a slowing happening in employment.
2:11.0	We're starting to see that.
	...

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