Real Vision: Finance & Investing #975 - Is the Most Hated Sector Finally Getting Some Love? with Jesse Felder
Feb 15, 2024
Jesse Felder, founder of Felder Investment Research, discusses recent market moves, potential trouble in commercial real estate, and the impact of Nvidia's earnings on the market. They also explore the challenges of tax season for crypto investors and the trend of MAG 7 companies investing in their own customers. Additionally, the barbell investment strategy and the shift towards real assets are analyzed.
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Market Expectations vs. Reality
- Current market prices reflect a "no landing" scenario for the economy.
- This scenario assumes inflation will return to the Fed's target and economic growth will continue.
Inflation Drivers
- Goods inflation might cause a wage-price spiral, as seen in the latest CPI report.
- Longer-term factors like deglobalization and demographics also contribute to inflationary pressures.
Sector-Specific Labor Demand
- Labor demand varies across sectors, with high demand in healthcare and construction.
- Skilled labor shortages in these areas drive wage pressures, impacting the broader economy.