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Thorne: Why is Fed Using ‘Outdated’ BLS Data Models?

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Manage episode 506767400 series 3645668
Content provided by Schwab Network. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Schwab Network or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

“We’ve just got to accept that the BLS is living in the 1950s,” Jim Thorne exclaims, making the case to disregard the jobs reports. “Why the heck is the Fed…[anchoring] only off of that?” He thinks the Fed should have been cutting “long ago.” Cuts today take “at least two years” to kick in, so a cut this week may not be the quick fix markets are hoping for. Jim gives his outlook for 4Q and the “easy” opportunities he sees in the market.

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7414 episodes

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Manage episode 506767400 series 3645668
Content provided by Schwab Network. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Schwab Network or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

“We’ve just got to accept that the BLS is living in the 1950s,” Jim Thorne exclaims, making the case to disregard the jobs reports. “Why the heck is the Fed…[anchoring] only off of that?” He thinks the Fed should have been cutting “long ago.” Cuts today take “at least two years” to kick in, so a cut this week may not be the quick fix markets are hoping for. Jim gives his outlook for 4Q and the “easy” opportunities he sees in the market.

======== Schwab Network ========

Empowering every investor and trader, every market day.

Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe

Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185

Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7

Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch

Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore

Watch on DistroTV - https://www.distro.tv/live/schwab-network/

Follow us on X – https://twitter.com/schwabnetwork

Follow us on Facebook – https://www.facebook.com/schwabnetwork

Follow us on LinkedIn - https://www.linkedin.com/company/schwab-network/

About Schwab Network - https://schwabnetwork.com/about

  continue reading

7414 episodes

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