A major bottom is the lowest price point a versus all the closing prices of the previous year and for the ensuing year. And i guess, surprisingly, most of these bottoms have formed when interest rates are coming lower. On 14 of the prior occasions, either the fed has already been cutting, or a bonyields have been moving lower. So you'd have to say that right now the fat is a little too aggressive a to be consistent with tha stomp market low, at least based on the last 70 years of history since the middle o the eisenhouer administration.
Bloomberg News Macro Strategist Cameron Crise recalls major market bottoms over the last seven decades and finds that there hasn’t been a major market bottom that’s looked quite like the current state of play. Bloomberg News Municipal Finance Reporter Amanda Albright explains that pandemic rescue money has been doled out to the likes of racehorse owners and influencers. Bloomberg Businessweek Editor Joel Weber and Bloomberg Opinion Columnist Justin Fox discuss Justin's Businessweek Magazine story Tighter Labor Market Makes Restaurants More Like Factories. And we Drive to the Close with John LaForge, Head of Real Asset Strategy at Wells Fargo Investment Institute.
Hosts: Tim Stenovec and Kriti Gupta. Producer: Paul Brennan.
See omnystudio.com/listener for privacy information.