Forward Guidance Economic Reacceleration or Growth Scare? | Weekly Roundup
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Sep 26, 2025 The discussion tackles the biggest threats to the economy and explores whether the MAG7 stocks represent a bubble. Surprising consumer data signals strong GDP revisions, while the housing market shows fluctuating trends amidst rising interest rates. Concerns over Federal Reserve policies reveal potential risks within the labor market, and gold's stability is compared to Bitcoin's volatility as a macro hedge. The conversation delves into income inequality and the implications of industrial policies on national resilience, leaving listeners with valuable asset positioning advice.
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Korea Trip And Fireside Chat
- Felix returned from Korea and described being Korean barbecue'd out after a few days and drinking soju for the first time.
- He also mentioned a fireside chat with Arthur Hayes that had unexpectedly many swear words.
Credit Markets Look Healthy
- Credit markets look healthy with tight spreads and oversubscribed deals, suggesting no immediate systemic stress.
- Short-term positioning looks overstretched despite a Goldilocks longer-term backdrop.
Stronger GDP Raises The Bar
- Final GDP revisions showed stronger consumer spending and higher starting levels for the next quarter.
- Higher nominal starting points raise the bar for any mechanical slowdown to produce a traditional recession.
