Real Vision: Finance & Investing #1036 - Meme Stocks Roar Back… Will It Last? With Tony Greer
May 14, 2024
Tony Greer, editor of the Morning Navigator, discusses the renewed meme stock frenzy, PPI data impact, and navigating the current market. They explore meme stock resurgence, bond market reactions, and risky investments among young people. Market trends, copper analysis, technology stocks, and commodity potential are highlighted for growth and strategic positioning.
AI Snips
Chapters
Transcript
Episode notes
Inflation Data Supports Bull Market
- The recent hotter PPI print was softened by downward revisions to prior months, indicating inflation pressure may be less persistent than feared.
- This reduces bond market stress and supports a continuation of the recent S&P breakout, implying bullish equities if CPI data confirms low inflation.
Stable Yield Curve Signals Bullish Stocks
- The stable yield curve despite inflation data indicates unchanged Fed expectations, which supports a bullish stance on equities.
- Mean reversion in rates is extremely positive for stocks, signaling potential market strength beyond fleeting concerns.
Liquidity Fuels Meme Stock Frenzy
- The current meme stock frenzy indicates abundant excess liquidity in markets rather than fundamental shifts.
- Such liquidity often sloshes around for extended periods, sustaining speculative rallies even if traditional fundamentals seem lacking.