Unexpectedly, the speaker is surprised by the stock market's behavior despite predicting no rate cuts earlier in the year. The speaker recalls a guest's bold prediction of no rate cuts which was deemed a 'hot take' at the time. The stock market's movement did not align with the earlier forecast and was unexpected to the speaker.
On episode 138 of The Compound and Friends, Michael Batnick and Downtown Josh Brown are joined by Dion Rabouin and Callie Cox to discuss: the Fed's next move, why inflation is so stubborn, Larry Fink's shareholder letter, the craziest meme stock yet, why people play the lottery, the problem with housing, and much more!
This episode is sponsored by Global X. Visit https://www.globalxetfs.com/ to explore a lineup of more than 90 ETFs, along with insights to help you navigate a dynamic investing landscape.
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