He lurks in the shadows, waiting for the right moment to come out in Jackson Hole with his secrets that send the market into a frenzy.  HE IS-  FED PRESIDENT JEROME POWELL, but guess what we (think) we know now? 
We’re having some fun with the episode name, but the market was far from a horror movie on friday!  This week On The Markets, Sonoma Wealth Managing Principal Daren Blonski CFP®, Chris Sipes CFP® and Marketing Director Dano Weir are joined by a special guest at a critical inflection point: 
 

• Bob Elliott, Co-Founder and CEO of Unlimited Funds, an investment company which creates and manages ETFs, joins the show...our first guest!  Bob is renowned for his knowledge of macroeconomics, and provides his take on Jerome Powell’s comments indicating interest rates will be cut in September.  The market reacted immediately on Friday...but was that *really* a good thing? 

• College grad unemployment numbers-  is it really AI taking their jobs? Or does this lull dove with an existing cycle? 

• What does the market concentration moment have in common with the space race in the 1960s? 

 
0:00 Special Guest Bob Elliott from Unlimited Funds on Jerome Powell’s potential rate cut comments 
23:40 Investor Sentiment 
25:33 Potential for a rate cut in September 
33:10 2 year treasury rate action 
40:55 Housing market index hits covid lows 
42:40 Credit balances of sub-prime borrowers 
 
 
Take Sonoma Wealth's Free Wealth Analysis right here: https://sonomawealthadvisors.com/ 

 
Videos available on our YouTube Channel: https://www.youtube.com/playlist?list=PLaOjL6z16wjV2_CTStzc36Y5JtiwhVoGJ 

Audio also available on  
Apple Podcasts https://podcasts.apple.com/us/podcast/on-the-markets/id1802984526 
Spotify https://open.spotify.com/show/2YqyNLN7mcBApS5RL2piAj 
 
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