Locator: 46624ECON.
Updates
January 23, 2024: Netflix beats on revenue; NETFLIX misses on EPS, but after hours Netflix surges -- up $42 due to subscriber growth.
January 23, 2024: beat on revenue; Texas Instruments but misses on EPS -- shares are down after hours. Guidance weak.
January 23, 2024: S&P 500 closes at a new record high for the third straight day. NASDAQ 100 also sets all-time high.
January 23, 2024: anchors, analysts, and annoying talking heads continue to ask the wrong question when talking about the Fed and reading the entrails to come to some
January 22, 2024: another talking head says a recession this year, but "refuses to say the "r" word." But CNBC anchor called him out on that and that interviewee agreed that was exactly what he was saying but wouldn't use the "r" word. LOL
Original Post
A contrarian (?) on CNBC during the noon hour was still arguing that there will be a recession in 2024. His thesis: the Fed is doing a great job controlling inflation. They will not cut rates until they see labor market down to their goal but by that time it will be too late to start cutting rates, which will mean a recession. The analyst feels the labor market numbers are a lagging indicator.
Near the close today, a Schwab spokesperson
was as wishy-washy as he could possibly be. It's clear he missed the
rally in 2023, and is still skittish, leaning toward a recession. CNBC
moderator called him out many, many times. Poor, poor interviewee /
analyst. The longer the interview lasted, the worst it got. What a
disappointment. Direct question: what will the Fed do this year? What will the market do this year? What is your thesis going forward? Answer: it all depends. We will know next year. LOL. I hope he’s not your broker. LOL.
From tipranks:
From yesterday, January 22, 2024:
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