Mike Green & Bob Elliott: "Hard Landing" In Store For Economy In 2024
On todays episode, Bob Elliott CIO at Unlimited Funds & Mike Green Chief Strategist at Simplify Asset Management join the show for a discussion on the late cycle slowdown coming throughout the end of 2023 & into 2024.We discuss the impact of passive investing & to what degree earnings really matter in todays modern market structure, the relative value in bonds vs stocks & what delinquencies could be signalling in terms of credit going forward. To hear all this & more, you'll have to tune in!\n--\nFollow Bob Elliott on Twitter\xa0https://twitter.com/BobEUnlimited\nFollow Mike Green on Twitter\xa0https://twitter.com/profplum99\nFollow Jack Farley on Twitter\xa0https://twitter.com/JackFarley96\nFollow Forward Guidance on Twitter\xa0https://twitter.com/ForwardGuidance\nFollow Blockworks on Twitter\xa0https://twitter.com/Blockworks_\n--\nTimestamps:\n(00:00) Introduction\n(00:15) The Bond Market Sell-Off\n(04:09) Is The Bond Market Pain Over?\n(06:37) The Economy Remains Strong\u2026 For Now\n(13:23) Fading The Soft Landing\n(19:36) The Passive Investing Machine Keeps Churning\n(26:19) Who Is The Marginal Buyer Of Bonds In 2023/24?\n(30:49) We're In The Late Stages Of A Macro Cycle\n(36:16) A Maturity Wall Is On The Horizon\n(38:42) The Best Risk/Reward In Markets\n(49:20) Bitcoin, Gold & Bond's During Geopolitical Conflict\n(59:12) Recession & The Unemployment Rate\n(01:02:48) Banks Are Less Important In The Credit Cycle Today\n(01:15:51) Will The Fed Cut Rates In 2024?\n(01:24:05) Seeking Alpha vs Beta\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.