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On today’s show, we discuss:
- The FAAMGs are more than just 5 stocks
- AWOCS on S&P 500 concentration here and here
- The bear market survivors share their biggest lessons
- Larry Summers – get out of US Equities
- Junk bonds shake off recession worries
- All this junk food making all-time highs
- First Republic is seized, sold to JPM in second-largest US bank failure
- Why goods spending isn’t falling
- Sliding diesel prices signal warning for US economy
- The building boom is prolonging market pain
- Home buyers are eager but sellers are scarce, creating real gridlock
- Millennials are fueling a generational housing bubble
- Great Quartr: Promo code AnimalSPIRITS (one word) only for the full year
- These are the most popular TV shows on the internet
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surging Big Tech (big 7 up 31% YTD vs 3% for rest of S&P 500) pic.twitter.com/viVzpiZ3M8
— Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi) April 28, 2023
https://twitter.com/katie_martin_fx/status/1650901959199670284?s=43&t=5gCjdH7Y55vaEUt3JGR2sg
APOLLO: “None of the indicators the NBER recession committee normally looks at suggest that we are in a recession at the moment.” [Slok] pic.twitter.com/of272RzxeX
— Carl Quintanilla (@carlquintanilla) April 26, 2023
Here's a breakdown of GDP by component
Consumer spending was the biggest boost to growth, and inventories were the biggest drag pic.twitter.com/GErtgTv1TZ
— Callie Cox (@callieabost) April 27, 2023
Just a reminder that the dollar size of the economy still far exceeds the pre-pandemic trend path. And it was not because of some immaculate spending that emerged out of nowhere. It was a policy choice, one that both propelled inflation and spurred a rapid recovery. @jasonfurman pic.twitter.com/d8BAXS7mOi
— David Beckworth (@DavidBeckworth) April 27, 2023
U.S. house prices have turned around, going from modest declines to modest growth in most regions
notably, prices in the Pacific and South Atlantic Divisions still falling per latest FHFA house price report. Other regions positive pic.twitter.com/wMlfQ2ruFo
— 📈 Len Kiefer 📊 (@lenkiefer) April 26, 2023
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