Michael Kantrowitz, Chief Investment Strategist at Piper Sandler, discusses his innovative HOPE framework, assessing economic health amid challenges like housing unaffordability and trade wars. He highlights complexities in the global economy and the impact of Federal Reserve policies on market volatility. Kantrowitz examines trends in housing, emphasizing regional disparities and the rising use of home equity loans. The conversation also navigates the relationship between macroeconomic indicators and stock performance, advocating for cautious investment strategies as 2025 approaches.

Michael Kantrowitz, the #1 Strategist at Piper Sandler, shares his expert insights on the US equity market backdrop. He discusses the implications of expensive valuations and tight credit spreads on investment strategies. Kantrowitz highlights the importance of macroeconomic factors and their influence on stock performance, revealing how small caps may finally outperform. The conversation also covers the HOPE framework, forecasting economic shifts as we approach 2025, and emphasizes analyzing sectors through macroeconomic indicators.

Economist Michael Kantrowitz discusses the potential impact of rising unemployment on the economy, exploring recession risks and market implications. He introduces the HOPE framework to track economic indicators and predicts nuanced outcomes. The conversation dives into employment data, housing market trends, equity market analysis, and factor investing strategies. They analyze the correlation between economic data, interest rates, and stock prices, discussing potential triggers for a recession and offering advice on financial planning.