Economic Bifurcation Perplexing FED with Liz Ann Sonders

Interview Recorded - 20th of June, 2024

On this episode of the WTFinance podcast I had the pleasure of welcoming on Liz Ann Sonders. Liz Ann is Managing Director, Chief Investment StrategistCharles Schwab & Co., Inc.

During our conversation we spoke about her outlook for markets, the bifurcation of the economy, why the FED were hawkish, immigration, what does this mean for markets and more. I hope you enjoy! 

0:00 - Introduction
1:55 - Outlook on economy and markets?
5:26 - Why is economy bifurcated?
8:03 - The K economy
10:53 - Services inflation always high?
3:53 - Why have FED been hawkish?
17:45 - What will FED need to see to cut?
18:53 - Don’t trust payroll data
21:55 - Challenge of measuring immigration impact
23:15 - GDP per capital
24:50 - What does this mean for markets?
28:15 - Outcome of low interest rates and zombie companies?
31:00 - What will happen in markets?
33:10 - QT to continue?
34:00 - One message to takeaway from our conversation?

Liz Ann Sonders has a range of investment strategy responsibilities, from market and economic analysis to investor education, all focused on the individual investor.

Liz Ann is the cohost of the On Investing podcast and a keynote speaker at numerous company and industry conferences. Liz Ann is regularly quoted in financial publications including The Wall Street Journal, The New York Times, Barron's, and the Financial Times, and she appears as a regular guest on CNBC, Bloomberg, Yahoo! Finance, Fox Business News, and the Schwab Network. Barron's has named her to its "100 Most Influential Women in Finance" every year since the list's inception, and Investment Advisor has included her on the "IA 25," its list of the 25 most important people in and around the financial advisory profession. Liz Ann has been named "Best Market Strategist" by Kiplinger's Personal Finance and one of SmartMoney magazine's "Power 30." Liz Ann has also been named to Forbes' 50 Over 50.

In 1999, Liz Ann joined U.S. Trust—which was acquired by Schwab in 2000—as a managing director and member of its Investment Policy Committee. Previously, Liz Ann was a managing director and senior portfolio manager at Avatar Associates, an original division of the Zweig/Avatar Group. She holds an MBA in Finance from the Gabelli School of Business at Fordham University and a B.A. in Economics and Political Science from the University of Delaware.

Liz Ann Sonders 

Website - https://www.schwab.com/learn/author/liz-ann-sonders
Twitter - https://x.com/lizannsonders?s=21&t=vCJTBKSb-nIJ8eFKe0YAxg
LinkedIn - https://www.linkedin.com/in/lizannsonders?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=ios_app


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