Hello everyone. Today we got a very special treat. We are going to talk to Phil Rosen. He is the co-founder and editor-inchief of Opening Bell Daily. In this conversation, we talk about the US economy, the stock market, what's going on with interest rates, and how politics like socialism, capitalism, and much more is affecting people's portfolio, and why there should be some changes out there. We're live today from the desk of Anthony Pompiano. [music] Before we get into today's conversation with Phil, I ne ...

AND THEN APPLE ON THURSDAY. ALSO KEY CONSUMER RETAIL WITH THE LIKES OF STARBUCKS, VISA AND AMERICAN EXPRESS AMONGST OTHERS. WE'RE ALSO GOING TO GET THE FIRST FOMC MEETING OF THE YEAR, WHERE RATES ARE EXPECTED TO REMAIN STEADY AND UNCHANGED.SO JOINING US NOW TO PREVIEW THE MASSIVE WEEK AHEAD IS APOLLO CHIEF ECONOMIST THE PREVIOUSLY MENTIONED TORSTEN SLOK. TORSTEN, THANK YOU VERY MUCH FOR JOINING US ON THIS FRIDAY AFTERNOON. WITH ALL THE CATALYSTS I JUST MENTIONED, WHAT DO YOU THINK IS GOING TO BE THE ONE, 2 ...

Andrew Bailey said in 2023 that the central bank had ‘very big lessons to learn’ - Yui Mok/Reuters The Bank of England has admitted it has been consistently wrong on inflation for years. Forecasts for both wage growth and inflation had “proved repeatedly too low” since 2022, officials at the Bank said. The findings of its first ever forecast evaluation report will fuel criticism that officials led by Andrew Bailey, the Governor, did not respond quickly enough to sharply rising energy prices following Ru ...

Market Overview - Concerns exist regarding the current market boom potentially being another bubble, with investors advised to diversify their portfolios across different industries [1] - The stock market's gains are primarily driven by optimism and innovation in technology, particularly in AI [2] - The "Warren Buffett Indicator" has surged above 230%, indicating stock valuations are rising significantly faster than GDP, which Buffett previously warned could be risky [2][3] Economic Indicators - Job growth is slowing, and unemployment is rising, which are typical signs of a slumping U.S. economy [1] - Despite these indicators, the S&P 500 has increased over 70% since January 1, 2023, suggesting that major U.S. companies are growing larger [3] Investment Strategies - Diversifying investments by including international stocks can protect against local market conditions [6][7] - Real estate is highlighted as a solid alternative asset class for inflation hedging, with platforms offering fractional ownership in rental properties [9][11] - Investing in art has shown to provide unique portfolio diversification, with returns outpacing the S&P 500 from 1995 to 2025 [19][20] Market Sentiment - Investor sentiment has shifted from anxiety to hope, despite warnings from prominent investors like Buffett about potential economic downturns [2][5] - The ongoing banking crisis and high inflation and interest rates have raised concerns about future investment gains [3]

Joining us now, Morgan Stanley, wealth management senior vice president, Jim Leamp. Jim, it's great to see you here. I you painted this picture in your emails to us about this rodeo bull.Can you can you set the scene for our viewers about why you think this is one that's despite the twists and turns and the ups and downs, it's it's a bull worth watching. Yeah, it's a it's a it can be a market that's really hard to stick with because of the rapid fire news and the rapid fire changes in policy and Trump tarif ...

"I don't like the banks very much"Reform UK leader Nigel Farage tells @MyStephanomics why he wants the Bank of England to end interest payments on reserves commercial lenders hold there — a policy some officials see as a tax on banks#BloombergHouse https://t.co/3viV8saJsQ https://t.co/ZSgYR2lO50 ...

Group 1 - The Federal Reserve is likely to maintain interest rates steady next week, as indicated by the delayed reading of the Personal Consumption Expenditures (PCE) Index, which showed a year-over-year inflation increase of 2.8% excluding food and energy prices, and a month-over-month increase of 0.2% [1] - The Bureau of Economic Analysis combined October and November PCE data due to a government shutdown, which has created challenges in interpreting inflation trends [2] - Consumer spending remained robust in the fall, with economic growth in the third quarter revised upward to 4.4%, driven by stronger exports and business spending [3] Group 2 - Real consumption increased by 0.3% in both October and November, suggesting that the economy may not require additional policy support [4] - The Federal Reserve is expected to keep rates in the range of 3.5% to 3.75% after having cut rates three times in the previous fall [4]

Core Insights - The article discusses the current state of money market accounts (MMAs) and highlights the importance of earning competitive rates on savings as interest rates decline following recent Federal Reserve rate cuts [1][5]. Group 1: Current MMA Rates - The national average interest rate for money market accounts is 0.56%, but top rates can exceed 4% APY, comparable to high-yield savings accounts [3][9]. - Some banks are offering MMA rates above 4.50%, making them attractive options for savers [9]. Group 2: Federal Reserve Rate Cuts - The Federal Reserve maintained a target range for the federal funds rate of 5.25%–5.50% from July 2023 to September 2024, but has since implemented three rate cuts, bringing the current rate to 3.50%–3.75% [4][5]. - Deposit account rates have been on a steady decline, indicating that savers may have limited time to take advantage of higher rates currently available [5]. Group 3: Considerations for Savers - Money market accounts provide easy access to funds, often with check-writing capabilities or debit card access, making them suitable for those needing liquidity while earning a decent yield [8]. - They are also a safer option for short-term savings goals or emergency funds, offering better returns than traditional savings accounts [8]. - For conservative savers, MMAs are appealing due to FDIC insurance, while those saving for long-term goals may need to consider riskier investments for higher returns [8].

As my friend Jeff Booth always says, the natural state of the free market is deflationary, right. And you know, we are getting to a point with AI and all the various other factors combined with that like robotics where we are going to see very strong deflation and you know a deflationary environment combined with a very big debt burden is very dangerous as as Japan has suffered for 30 years and will attest. I think it's really really important to know that that Trump sitting in that seat is going to be putt ...

Core Insights - The private equity market is facing significant challenges, including overvaluation of companies and a decline in fundraising, which has dropped sharply in 2023 compared to previous years [1][2][3][10] - Institutional investors are becoming more cautious, pulling back on investments due to the lack of cash returns from private equity funds [4][10][19] - The high interest rate environment, which has seen rates rise by over 5% from March 2022 to July 2023, is exacerbating the difficulties in selling overvalued companies [6][12] Fundraising and Investment Trends - Fundraising for private equity has been declining annually, with 2023 showing a particularly steep drop, leading to a concentration of capital among the largest firms [2][7][10] - The inability to sell portfolio companies is resulting in limited cash returns to investors, which in turn affects their willingness to reinvest in new funds [4][7][19] - The trend of "zombie funds," where companies remain unsold for over a decade, is prevalent, indicating a long-term issue within the industry [4][5] Economic Environment and Future Outlook - While interest rates have decreased from their peak, they remain high compared to the zero-interest rate environment that private equity typically thrives in [11][12] - There is cautious optimism for 2026, with expectations of a relatively strong economy, but the backlog of unsold companies is likely to persist for several years [12][19] - The potential inflow of cash from alternative investments may help the industry, but concerns remain about the quality of funds available to workers [14][15][18] Risks and Financial Engineering - Private equity firms are engaging in financial engineering to return cash to investors, which may increase risks for those investors while benefiting the general partners [19][20] - The reliance on continuation vehicles, which prioritize returns for general partners, raises concerns about the long-term sustainability of these strategies for limited partners [20]