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Jack Farley & Max Wiethe break down recent economic data on inflation and the labor market, the parade of positive earnings reports sending markets higher, and how this is representative of an economic expansion that is benefiting Wall Street while Main Street is left behind.
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Timestamps:
00:00 Intro
00:46 Financial Conditions Are Easy
01:48 Inflation Report (CPI)
04:02 Market Strength (Wall St.) vs Economic Weakness (Main St.)
10:13 Earnings Expectations: Priced for Perfection?
16:13 Fiscal AI
17:36 Are We in a Bubble?
22:12 AI CapEx Trends
25:42 AMZN and Earnings Season Losers
30:38 What’s Up Next Earnings
33:11 The New BLS and Labor Market Data
38:12 Market Complacency and Long-term Predictions
42:46 What’s in the Portfolio of “Super Investors”
