WealthWise with Jeffrey Hirsch

Recession or Recovery? Tom Bruce Breaks Down What Wall Street Won’t Say

Listen Later

📈 Recession or Recovery? Tom Bruce Breaks Down What Wall Street Won’t Say

In this insightful episode of Buy Hold Sell, co-hosts ⁠Todd M. Schoenberger⁠ and ⁠Tobin Smith⁠ welcome ⁠Tom Bruce⁠, Macro Investment Strategist at ⁠Tanglewood Total Wealth Management⁠, to dissect the current economic landscape and its implications for investors.

🔍 Key Discussion Points:

  • Macro Investment Strategy: Tom emphasizes the importance of focusing on macroeconomic trends over specific sectors or equities, offering a holistic market perspective.
    • Market Conditions & Recession Outlook: While recession fears have diminished and the S\&P 500 shows positive momentum, Tom warns that much of the good news may already be priced in.
      • European Economic Recovery: The discussion explores economic resurgence in countries like Germany and Poland, driven by falling interest rates and fiscal stimulus.
        • Innovation & Manufacturing: Concerns are raised about Europe's ability to innovate compared to regions like Silicon Valley, with structural limitations in Germany's tech sector highlighted.
          • Housing Market Analysis: Affordability issues due to high mortgage rates and rental prices are examined, particularly in the Sunbelt, though some regions continue to perform well.
            • Bond Market Concerns: Tom addresses challenges in the bond market, including new debt issuance and foreign ownership of U.S. debt, estimating a 20-25% probability of a recession linked to recent trade developments.
            • Federal Reserve Leadership: The implications of Jerome Powell's leadership at the Federal Reserve are examined, with both Tom and Tobin expressing apprehension about the potential impact of his departure.
            • LinkedIn: ⁠  / crosscheck-media-llc  ⁠
            • Instagram: ⁠  / crosscheckmedia  ⁠
            • Facebook: ⁠  / crosscheckmedia  ⁠

              • 🔔 Subscribe now to stay ahead with weekly insights from Buy Hold Sell → ⁠   / @crosscheckmedia  ⁠

              🔗 Website: ⁠https://crosscheckmanagement.com/⁠

              📧 Contact on Email: [email protected]

              📢 Hashtags for Reach & Engagement ⁠#MacroStrategy⁠, ⁠#EconomicOutlook⁠, ⁠#SP500Forecast⁠, ⁠#RecessionRisk⁠, ⁠#HousingMarket⁠, ⁠#BondMarket⁠, ⁠#FederalReserve⁠, ⁠⁠

              ...more
              View all episodesView all episodes
              Download on the App Store
              WealthWise with Jeffrey HirschBy ToddSchoenberger