
MacroVoices #380 Jim Bianco: FOMC to China to Dollar to AI
Macro Voices
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The Long Term Effect of the Financials on the Market
It might still be another year or two. We might just be in a long period of consolidation, I think that's the more likely scenario with the broad market when you've got mega-cap companies going up. On the other side, if you want to talk about the flip side of that, who's doing terrible is the property stocks, especially the office rates and the financials. They've been getting summarily crushed. And even though the bank stocks have been doing better, I don't think we're out of the woods yet.
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