LinkedIn and 3rd parties use essential and non-essential cookies to provide, secure, analyze and improve our Services, and to show you relevant ads (including professional and job ads) on and off LinkedIn. Learn more in our Cookie Policy.
Select Accept to consent or Reject to decline non-essential cookies for this use. You can update your choices at any time in your settings.
Unfortunately, I agree with Adam Freed's take below. Extreme heat isn't going away anytime soon, and in many places, is worsening -- we need to make serious investments to address it.
Extreme heat puts city dwellers, people of color, lower-income folks, seniors and the very young, as well as outdoor workers, at increased risk. Check out some solutions for urban heat island and its impacts in my joint op-ed with Arnab Ghosh, MD and Olivia Keenan.
https://lnkd.in/eQ9UX_ZR
🎥 See Verdence CEO, Leo Kelly on Fox Business Network Mornings with Maria. 📈 Get the Word on Wall Street -
This week, we witnessed a significant market event with Nvidia's sharp decline, erasing nearly $430 billion in market value over three days. Despite this, our CEO, Leo Kelly provides a broader perspective on the current economic landscape.
The current economy presents conflicting data, allowing both bullish and bearish interpretations.
Inflation remains a significant challenge, with persistent pressures complicating the Federal Reserve's efforts to balance stimulation and rate control.
Full spot here - 🔗 https://hubs.la/Q02DtmyM0#FoxBusiness#VerdenceCapital#MarketInsights#WordOnWallStreet#FinancialNews#Investing#MacroEconomics#BusinessNews#EconomicTrends
If you want to know where the US economy and markets are headed, you can't do much better than to listen to the insights of these two thought leaders of the investing world.
In this video, David Rosenberg, Founder and President - Rosenberg Research & Associates Inc. interviewed Jeffrey Gundlach, Founder and CEO - DoubleLine a week ago.
In my judgment, their observations carry enormous weight given that they have survived the trials and tribulations of economic and market cycles spanning the past 40 years and have accumulated battle scars to show for it.
This video reminded me of one of my favourite quotes on investing.
That quote, by Howard Marks, Co-Founder and Co-Chairman of Oaktree Capital Management, L.P. is:
“There are old investors, and there are bold investors, but there are no old bold investors.”
Spoiler alert:
Like myself, Messrs. Gundlach and Rosenberg are both bearish on the economy and markets.
Now, if you still have the stomach to listen to the painful, naked truth, then dive right in.
Given a gathering drumbeat of weakening US economic data releases over the past few quarters, a sufficient number of pieces of the mosaic are in place to conclude that the US economy is heading for recession.
So, it beggars belief when seasoned and renowned economists, strategists and portfolio managers assert that we are in an early or mid-cycle in the US economy.
Consumer spending is slowing across 2/3rds of the US consumer cohorts by income distribution as highlighted by weak revenues, earnings and guidance by the likes of Target, Kohl's, Nike, Starbucks and lululemon.
Corporate spending is slowing as highlighted by the similarly lacklustre results and poor guidance by the likes of Salesforce, MongoDB, Workday, UiPath and other Enterprise Software / Cloud providers.
Meanwhile, the NVIDIA fever has still not broken among highly-sophisticated investors (let alone the retail investing crowd).
Let me coin a term here:
'The Great Disappointment' of 2024 and 2025 is coming with regards to the abysmally poor ROI achieved from #AI infrastructure spend totalling tens of billions of dollars each by the hyper-scalers like Amazon, Microsoft, Alphabet Inc., and Oracle...in the short and medium-term.
Not to mention, the tens of billions of AI dollars being spent by corporations and sovereigns.
In the long-run, of course, it could be a different story.
In the long-run, anything could happen...including the possibility that the stock market could be down ~30 to 40% from current levels.
Inconceivable?
Well, inconceivable things happen in life…and markets all the time.
With S&P 500 trading at 21 times Forward P/E where the denominator ‘E’ is earnings that are estimated by Wall Street “consensus” to grow ~10% in 2024 within a slowing US economy, is it really that inconceivable to see a 30% market correction / bear market to bring valuations back in line with historical trends.
Stagflation ahead!
#neuron#neuronpartners#neuroninvestors#hedgehawk
Thanks, Scott Galloway, for sharing another insightful event! Just registered!
Last year, Scott predicted that AI would hit its peak. Yet, as we near the end of 2024, the AI wave is stronger than ever. As of September, AI investments have already exceeded $26B, surpassing the $25B total from 2023. I don't think it's slowing down at all.
Scott also foresaw a housing boom, I'm waiting.
Don’t miss Scott’s Annual Predictions Event, where he’ll share his unfiltered forecast for 2025 and reflect on what he got right (and wrong) in 2024.
#NYU#NYUStern#AI#ArtificialIntelligence#TechInvestments#ScottGalloway#Predictions2025#AnnualEvent#Innovation#HousingMarket
https://lnkd.in/g2CwRuQM
Good morning, everyone! ☀️
I’m sharing a new video that may be of interest to #EconomicEnthusiasts, #Investors, and #Researchers. The video explores some crucial topics:
1. Is a #Recession on the Horizon?
2. Analysis of the #YieldCurve – An overview of what the yield curve is and its implications.
3. Comparing Key #Macroeconomic Indicators – Examines the US job market, GDP, government spending, and stock market, in light of the yield curve.
4. Historical Context – Insightful comparisons with significant events, including Covid-19, the Great Financial Crisis, Dot-com Bubble, and the Great Depression.
It is also interesting how the video examines the correlation between government spending/expenditure and recession delays; a topic made especially relevant by recent developments. Like the announcement of the Department of Government Efficiency (DOGE) by Donald J. Trump, led by Elon Musk and Vivek Ramaswamy, aimed "to dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies". This initiative could reshape the dynamics of federal spending and regulation, adding new dimensions to the conversation.
Check it out and let me know your thoughts! 📈
As we mark the two-year anniversary of the bull market, we assess how the economic and market environment has evolved and explore what might come next.