Bob Elliott, Co-Founder of Unlimited, discusses the recent July FOMC meeting minutes, outlook for monetary policy, and likely market reaction to a Fed pivot.

*This video was recorded on August 21, 2024

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0:00 - Job growth revised down 818k

1:20 - Bob Elliott's background

2:13 - Asset allocation

4:05 - Bonds

5:00 - Fed pivot

6:29 - Labor market outlook

10:30 - July Fed meeting minutes

11:43 - Market reaction to Fed pivot

14:40 - Inflation

17:52 - Bulls vs. bears

20:49 - Liquidity crisis?

23:33 - Yen carry trade unwinding

26:36 - Credit event?

28:45 - Consumer spending

31:30 - Recession