Bloomberg Businessweek cover image

Bloomberg Businessweek

Blockbuster US Jobs Report Turns Slowdown Narrative on Its Head

Feb 2, 2024
38:20
Snipd AI
The podcast covers the impact of the January jobs report on the US economy, employment trends, spatial computing, and investment opportunities. The speakers discuss the surge in consumer sentiment data, retirees returning to work, and the potential market for the Apple Vision Pro device. They emphasize the importance of open-mindedness and adaptability in the job market, as well as the need for context in understanding economic reports and solving complex problems.
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Podcast summary created with Snipd AI

Quick takeaways

  • Earnings are expected to increase throughout 2024, providing a favorable outlook for long-term investors.
  • Sticking to a long-term investment strategy has been rewarding, as the S&P 500 only saw a 7% cumulative increase in the past two years.

Deep dives

Earnings acceleration expected in 2024

Earnings are anticipated to continue to accelerate throughout 2024, which is a positive trend for long-term investors. This, combined with the potential for the Fed to cut rates at some point this year and the upcoming election cycle, creates a strong recipe for market movement.

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