Wall Street Breakfast
Catalyst Watch: Decoding r-star
Aug 19, 2023
Kim Khan, Seeking Alpha Managing News Editor, discusses the significance of r-star and what investors can expect from the Jackson Hole Economic Symposium. Warren Buffet's Berkshire Hathaway and Michael Burry's 13F filings are also explored. The podcast covers topics such as real interest rates, Nvidia earnings preview, and Burry's bet against the stock market.
09:26
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Quick takeaways
- The upcoming Jackson Hole Symposium will provide insights into the Fed's thoughts about the economy post-COVID and potential changes in interest rates and inflation expectations.
- NVIDIA's upcoming earnings report is anticipated to show a significant increase in data center sales driven by the growing demand for artificial intelligence.
Deep dives
Jackson Hole Symposium and the Importance of Real Interest Rates
The upcoming Jackson Hole Symposium is a significant event where major monetary players, including Fed officials like Powell, will discuss various economic aspects. One key focus will be on real interest rates, which have recently reached their highest level since 2009. Higher real yields can impact the stock market negatively, and the market often struggles to make substantial progress under such conditions. The discussions at the symposium will provide insights into the Fed's thoughts about the economy post-COVID and whether there might be a shift in the natural rate of interest (R-Star) that signifies a potential change in interest rates and inflation expectations.
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