Investors should hedge their equities with bonds and gold right now, says UBS' Evan Brown (youtube.com)
Soft data and hard data on the consumer hasn't really matched up, past couple years. Soft has shown nervous consumer, but hard data has shown the consumer has been spending.
Bitcoin has worked more in theory than in practice these days in terms of diversification effects. It trades, correlation wise, more like a risk asset. Ie it does whatever the Mag7/BigTech does.
We went from only invest in US to you gotta invest in Europe and Asia.
CNBC data crunched jobs data. In 2024, 80% of all job growth was government and government-adjacent sectors. Most of that was private education and healthcare sector (50% of it) and then local government, state government, and the smallest, just 4%, being federal government. But a lot of that was a ‘bounce back to trend’ and are now near their 10-year average, after 2 or 3 years of less hiring during the government panemic measures.
Lululemon down, reportedly the ‘luxury consumer.’
Will tariffs limit competition and thereby limit productivity improvements? Innovation?
‘The market has become the arbiter of these various policies and the nature by which we’re getting information on these policies. We're not getting forward looking perspectives from the Fed ... but we are seeing it in the data.' Liz Sonders
China is trying to make a better Nvidia. People think it's 5 or 10 years away.
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