What Will Cause The Next Financial Meltdown? | Sam Burns
What Will Cause The Next Financial Meltdown? | Sam Burns
David Lin: 8-28-2023
Sam Burns, Chief Market Strategist of Mill Street Research, discusses his outlook for the economy and financial markets for the remainder of the year.
0:00 - Intro
1:00 - Stock market outlook
3:40 - Overweight sectors
4:33 - Real estate
6:00 - Soft landing
8:30 - Fiscal vs monetary policies
10:10 - Cost of borrowing
13:20 - U.S. real wages
14:50 - Job market
16:00 - Bankruptcies
20:40 - China
22:30 - Interest rate
26:50 - Consumption
28:40 - Inflation
30:15 - Fed pivot
25:25 - Recession outlook
36:38 - New all-time highs
37:30 - Underweight sectors
39:00 - What would make Sam bearish?