Liz Ann Sonders: There's No Such Thing As A Typical Interest Rate Cutting Cycle
Finally, you can easily access Bitcoin in a low-cost ETF with the VanEck Bitcoin Trust (HODL). Visit https://vaneck.com/HODLFG to learn more.\nVanEck Bitcoin Trust (HODL) Prospectus: https://vaneck.com/hodlprospectus/\n__\nLiz Ann Sonders, Chief Investment Strategist at Charles Schwab, returns to Forward Guidance to share her investment outlook on U.S. equities. Sonders notes that a handful of large cap stocks have been leading the S&P 500 index higher, while the majority of stocks have been underperforming the index. While this so-called \u201cbreadth weakness\u201d occurred at or near stock market peaks of 1999 and 2000, Sonders notes that breadth is strengthening. The phrase \u201cMagnificent 7\u201d is near-meaningless since, as of mid-March, the Mag7 includes both the best performing stock in the S&P 500 (Nvidia) and the worst performing stock (Tesla). Sonders argues that there is no such thing as a \u201ctypical\u201d Fed interest rate cutting cycle, and that slower cutting cycles have tended to coincide alongside more bullish stock market action than fast cutting cycles. Filmed on March 4, 2024.\n__\nFollow Liz Ann Sonders on Twitter https://twitter.com/LizAnnSonders\nFollow VanEck on Twitter https://twitter.com/vaneck_us\nFollow Jack Farley on Twitter https://twitter.com/JackFarley96\nFollow Forward Guidance on Twitter https://twitter.com/ForwardGuidance\nFollow Blockworks on Twitter https://twitter.com/Blockworks_\n__\nUse code FG10 to get 10% off Blockworks\u2019 Digital Asset Summit in March: https://blockworks.co/event/digital-asset-summit-2024-londonTimestamps:\n(00:00) Introduction\n(00:24) The Rally In S&P 500 Has Been Ferocious, The Rally In Average Stocks Has Not\n(04:22) Large Cap Stocks Are Leading The S&P 500 Higher... Smaller Names Have Performed Less Well\n(09:31) Earnings Growth Is Very Strong (Unlike In 2000)\n(12:16) Companies' Earnings Guidance Is Less Specific Than Pre-2020\n(16:47) Economic Outlook In U.S.: Rolling Re-acceleration\n(20:13) Labor Market Situation Has Been "Mirror Image" Of What Normally Happens\n(22:05) This Economic Cycle Has Been An "Orange" Compared To History's "Apples"\n(22:29) VanEck Ad\n(24:53) There Is No Such Thing As A "Typical" Fed Rate Cutting Cycle\n(30:57) Slower Cutting Cycles Have Been Somewhat More Bullish Than Rapid Cutting Cycles\n(36:27) Artificial Intelligence (AI)\n(43:17) Quality As A Factor\n(45:39) Momentum Has Been "Best Performing Factor Year-To-Date"\n(49:37) Size and Value As Factors\n\n__\nDisclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.