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Thorne: Why is Fed Using ‘Outdated’ BLS Data Models?
Manage episode 506767400 series 3645668
“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
Manage episode 506767400 series 3645668
“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
7414 episodes
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