Stocks Soar To Start October
Real Vision Daily Briefing: Finance & Investing
English - October 03, 2022 22:00 - 46 minutes - ★★★★ - 580 ratingsInvesting Business News Business News bitcoin business crypto economics economy finance gold investing kylebass macroeconomics Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
The Dow Jones Industrial Average led the three major U.S. equity indexes higher on the first Monday of October, rising more than 700 points and 2.5% by midday. That’s despite the fact the Institute of Supply Management’s gauge of factory activity slipped to 50.9 in September, its lowest print since May 2020. The U.S. housing market is also slowing rapidly, with median home prices now falling as fast as they did in January 2009. Meanwhile, Credit Suisse is evoking Lehman Brothers, and U.K. Prime Minister Liz Truss has abandoned her new government’s tax-cut plan. Maggie Lake welcomes Darius Dale, the founder of 42 Macro, to talk about the significance of today’s price action, and Weston Nakamura joins the conversation to discuss the ongoing policy confusion among global fiscal and monetary authorities. We want to hear from you too – please share your questions in the comments!
Learn more about your ad choices. Visit podcastchoices.com/adchoices
The Dow Jones Industrial Average led the three major U.S. equity indexes higher on the first Monday of October, rising more than 700 points and 2.5% by midday. That’s despite the fact the Institute of Supply Management’s gauge of factory activity slipped to 50.9 in September, its lowest print since May 2020. The U.S. housing market is also slowing rapidly, with median home prices now falling as fast as they did in January 2009. Meanwhile, Credit Suisse is evoking Lehman Brothers, and U.K. Prime Minister Liz Truss has abandoned her new government’s tax-cut plan. Maggie Lake welcomes Darius Dale, the founder of 42 Macro, to talk about the significance of today’s price action, and Weston Nakamura joins the conversation to discuss the ongoing policy confusion among global fiscal and monetary authorities. We want to hear from you too – please share your questions in the comments!
Learn more about your ad choices. Visit podcastchoices.com/adchoices