Episode Details
| Title | Michael Drury on China's Trillion Dollar Secret and Why The U.S. Is Not Headed Imminently Into A Recession |
|---|---|
| Date | 8/26/2024 |
| Podcast | Forward Guidance ↗ |
Key Insights
Bullish:
- 🟢 $US STOCKS - Positive outlook on US stocks based on market signals and company profits.
- “Stock market's telling me that companies are fine. The data tells me that profits are fine. Not booming, but they're fine. And businesses don't lay off until they've been losing money for a while.” - Michael (0:00)
- 🟢 $US DOLLAR - 🔒
- 🟢 $EMERGING MARKET STOCKS (ex-China) - 🔒
Bearish:
- 🔻 $EUROPEAN STOCKS - 🔒
- 🔻 $CHINESE YUAN - 🔒