This chapter provides insights on the market's reaction to the Fed's rate cuts and the impact on the S&P, examining Powell's statements and future data predictions. It delves into Starbucks' disappointing financial performance, analyzing the stock decline and consumer spending shifts. The discussion extends to the dynamics of pricing in the consumer market across restaurants and technology firms, comparing the performance of companies like Starbucks, Apple, and Microsoft.
On episode 140 of The Compound and Friends, Michael Batnick and Downtown Josh Brown are joined by Jeff deGraaf of RenMac to discuss: technical analysis, the momentum factor, the outlook for Apple, RenMac's Market Cycle Clock, the Fed, Starbucks earnings, and much more!
This episode is sponsored by Global X. Visit https://www.globalxetfs.com/ to explore a lineup of more than 90 ETFs, along with insights to help you navigate a dynamic investing landscape.
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Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management.
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