Bulls in Control as AI Animal Spirits Alive and Well (E221)
Description
DoubleLine Portfolio Manager Eric Dhall and Analyst Mark Kimbrough recap market performance for the week of June 23-27 as well as the month and second quarter, which was a pretty good run for asset holders. They review the healthy performances for stocks (00:18 ) and bonds (2:48 ), recap a rough period for commodities (4:04 ), check in on the safe-haven assets of gold and Bitcoin (5:02 ) and discuss the economic bellwether of copper and the U.S. dollar (5:42 ). Over in Macro Land (7:01 ), prints include prelim U.S. PMI numbers for June that reflect a decent expansion period; home prices in April experiencing their second month of contraction (9:31 ); a new Q1 GDP estimate (11:19 ), which prompts Eric and Mark to note the importance of waiting for the merged data for trade-flow-impacted Q1 and Q2; and PCE numbers that are moving in the Fed’s direction (17:53 ).
There will be no episode next week with Friday’s holiday, but the show will return July 11.
Have a Happy Fourth of July!
United States
