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In this episode, Ryan Detrick & Sonu Varghese explain the difference between hard and soft economic data and why it's important to look at both to get a better understanding of the economy. Ryan and Sonu also touch on the impact of Harry Markowitz on the investment industry, the potential for a strong July rally, and the current state of the housing market.
Ryan and Sonu discuss:
- The difference between soft data and hard data
- Harry Markowitz and his impact on the industry through formalizing diversification and the return versus risk framework
- The possibility of a continuation of the summer rally in the second half of the year, citing historical data and momentum
- The valuations in the S&P500 — with a focus on the tech sector
- The importance of housing in the economy and how it is showing early cycle signals
- How housing has historically led recessions and how it took away from GDP for eight quarters in a row
- And more!
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Investment advisory services offered through CWM, LLC, an SEC Registered Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors.
