The markets may be hanging in there but they also held strong in early 2020—right up until Covid hit New York. Meanwhile, tariffs are driving consumer confidence down, firms are talking about cutting back on hiring and investments, and Goldman Sachs is predicting that the U.S. will have the highest inflation and lowest growth of any developed economy this year. Plus, Scott Bessent is not a calming influence, and Trump has a real 'War on Christmas' in the works.

The Stalwart Joe Weisenthal joins Tim Miller. 
show notes

Joe and Tracy Alloway's newsletter on how the markets can get things wrong (gift)

Recent 'Odd Lots' pod on the coming empty shelves & the War on Christmas

Joe's Bluesky post on the War on Christmas