Bob Elliott of Unlimited rejoins the podcast to discuss his view that stock markets are pricing in a lot of optimism that may not be based on economic realities...   This podcast episode was recorded on Tuesday, May 28, 2024 and made available to premium subscribers the following day. To become a premium subscriber, visit our Substack. Content Highlights

• Stock markets are pricing in a lot of optimism. Just how unrealistic is that? (1:19);
• What is there to indicate the economy could slow this year or even next? (4:34);
• A recession may be years away rather than months under current conditions. But conditions, as we know, can change quickly... (8:58);
• There is a precedence to interest rates going up dramatically without it causing an immediate and dramatic entrenchment in economic growth (11:52);
• Tech stocks might be overvalued but comparisons to the dot-com bubble are unfair and inaccurate -- and may preclude a spectacular bust (16:10);
• Today's economic expansion is income-driven. Not a result of credit expansion (18:13);
• What kinds of indicators should investors study to spot a slowdown in this particular type of economic activity? (30:45);
• Regional banks are for the most part fairly priced at present... (35:50).

More Information on the Guest

• Website: UnlimitedFunds.com;
• Twitter: @BoBEUnlimited;
• YouTube: @BobEUnlimited.