Justin Wolfers, professor of public policy and economics at the University of Michigan, says the economy is in much better shape than most people think, and the Fed actually can hike rates while putting out the fire storm around banks. Plus, Big Tech is back in the driver's seat as investors return to their old favorites in search of safety and the prospect for a pause in rate hikes.

LINKS FOR SHOW NOTES

https://www.investopedia.com/usb-and-credit-suisse-forced-to-merge-7367988

www.businesswire.com/news/...c-Bank

www.moodys.com/resea...361119

www.federalreserve.gov/newsevents/pressreleases/monetary20230312a.htm

www.sipc.org/for-investors/what-sipc-protects

https://fordschool.umich.edu/faculty/justin-wolfers

https://twitter.com/JustinWolfers

www.investopedia.com/terms/l/liquidity-coverage-ratio.asp

https://www.investopedia.com/terms/b/basel_accord.asp

https://www.youtube.com/watch?v=o-D3Pfa-ViY

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Christopher Whalen, Chairman of Whalen Global Advisors, and author of the Institutional Risk Analyst newsletter, joins the show to explain how SVB's mismanagement and the Fed's lack of awareness of the impact of rising interest rates, brought the 40-year financial institution down. We also look into the overall health of the nation's banks amid these rising rates, and the prognosis isn't great. Also, commodity prices have come way off their highs and could lead headline inflation lower, at last.

LINKS FOR SHOW NOTES:

https://www.birinyi.com/index.php/newsletter-service.html

https://www.fdic.gov/news/press-releases/2023/pr23016.html

www.investopedia.com/what-to-expect-for-the-markets-next-week-4584772

https://www.fdic.gov/news/press-releases/2023/pr23016.html

www.investopedia.com/terms/f/fdic.asp

https://www.youtube.com/watch?v=EY-HYUFlCPs

https://www.theinstitutionalriskanalyst.com/

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Phil Pearlman joins the Express to talk about the importance of harmonizing our financial health with our emotional and physical wellbeing, and the path to getting there. Plus, there are plenty of sectors and stocks breaking out to 52-week highs despite a pretty range-bound market. We name names and get you ready for this week's big labor market reports that will weigh heavily on future rate hikes.

LINKS FOR SHOW NOTES

https://twitter.com/TimmerFidelity

www.investopedia.com/what-to-expect-for-the-markets-next-week-4584772

https://www.barchart.com/stocks/highs-lows

https://www.investopedia.com/terms/g/goodwill.asp

https://primecuts.substack.com/

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The Express visits Barcelona Spain for a deep dive into the culture and the economic underpinnings of this European gem. Angel Talavera of Oxford Economics helps us understand Spain's economy, and where this country is headed over the next few years. Plus, roll down the window because investor sentiment stinks as U.S. markets are coming off their worst week of the year. Why investors need to reset their expectations a'hora mismo.

LINKS FOR SHOW NOTES:

https://epfr.com/insights/category/quant-insights/

www.investopedia.com/terms/v/valuelineindex.asp

www.investopedia.com/terms/v/valuelineindex.asp

www.tesla.com/blog/secret-tesla-motors-master-plan-just-between-you-and-me

https://www.investopedia.com/legality-biden-student-loan-forgiveness-6273996

https://www.investopedia.com/terms/t/terminalvalue.asp

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Liz Young, Chief Investment Strategist at SoFi, climbs back aboard The Express to explain why investors may be overly optimistic right now, and what key signals to watch for in the coming months to tell us that the coast is really clearing. Plus, consumer credit stretches to new all-time highs as the Federal Reserve battles sticky high inflation. Why this may become an even bigger problem as the economy slows.

LINKS FOR SHOW NOTES

https://www.newyorkfed.org/microeconomics/hhdc

https://www.sofi.com/article/investment-strategy/liz-looks-at-how-long-will-this-take/

https://podcasts.apple.com/lb/podcast/the-important-part-investing-with-liz-young/id1586026643

https://www.investopedia.com/terms/b/businesscycle.asp

https://www.investopedia.com/terms/s/shortselling.asp

https://www.blackbusinesshistorymonth.com/day-10-ernesta-procope/

https://www.investopedia.com/articles/investing/100913/basics-short-selling.asp

https://www.thebalancemoney.com/fair-plan-policies-2645392

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The Express heads to ETF Exchange to learn what is coming down the tracks for investors who ride the exchange traded funds rails. Todd Rosenbluth of VettaFi and Reggie Browne of GTS join the show to tell us why there is still a lot of growth ahead for the industry, and why they are creating new solutions for more discerning investors. Plus, a little risk-reversal takes hold after a torrid January, just as retail investors dive headlong into the options market. Be careful out there.

Links for show notes:

www.etoro.com/news-and-analysis/in-depth-analysis/the-costs-of-rising-short-termism/

https://www.cboe.com/data/market_statistics/

https://advantage.factset.com/hubfs/Website/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_021023.pdf

https://exchangeetf.com/

www.investopedia.com/terms/d/deflation.asp

www.investopedia.com/terms/d/disinflation.asp

https://www.etftrends.com/author/toddrosenbuth/

https://gtsx.com/reginald-m-browne/

https://www.investopedia.com/terms/e/etf.asp

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Peter Tuchmann, aka “The Einstein of Wall Street”, and the most visible trader on the floor of the NYSE, explains what actually happens on the floor of the world’s most famous exchange, how it has changed, and why human beings will always be essential to the capital markets. Plus, what in the world is going on with the U.S. labor market? We break down the latest jobs numbers, and why they defy fears of a recession.

Links for show notes:

www.investopedia.com/terms/n/nonfarmpayroll.asp

www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html

www.investopedia.com/what-to-expect-for-the-markets-next-week-4584772

https://www.investopedia.com/terms/c/convertible-security.asp

https://www.einsteinofwallst.com/

https://wall-street-global-trading-academy.teachable.com/

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Ray Dalio, the founder of Bridgewater Associates, and author of the Principles series of books and videos, rejoins The Express, to talk about his latest addition to the set, how he sees the current economic dynamic playing out, and why we keep repeating the same cycles over centuries in capital markets. Plus, the latest results of our reader sentiment survey tell us you are a little less afraid to invest, but not yet ready to run with the Bulls. The Bulls, however, are already running.

LINKS FOR SHOW NOTES

https://www.investopedia.com/january-rally-tempers-fear-among-individual-investors-but-cautiousness-remains-7099771

https://www.investopedia.com/terms/j/januaryeffect.asp

https://www.investopedia.com/what-to-expect-for-the-markets-next-week-4584772

https://www.principles.com/

https://www.bridgewater.com/people/ray-dalio

https://www.youtube.com/watch?v=Nu4lHaSh7D4

https://www.investopedia.com/what-is-chatgpt-7094342

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Bill Dudley, former President and CEO of the NY Federal Reserve bank, joins the show to talk about what really happens inside the Fed and the FOMC ahead of key meetings on interest rates, and what to expect at the next two key meetings. Plus, global stock markets are making a head-spinning comeback as countries facing steep economic downturns are delivering huge equity returns. And, a record amount of cash is sitting in cash. We look at where it may flow next.

LINKS FOR SHOW NOTES

www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html

https://www.investopedia.com/terms/v/vix.asp

https://advantage.factset.com/hubfs/Website/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_012023.pdf

www.investopedia.com/ask/answers/06/dilutivestock.asp

https://www.youtube.com/watch?v=T0cAGOgJH3c

https://www.newyorkfed.org/aboutthefed/orgchart/dudley.html

https://gceps.princeton.edu/william-c-dudley/

https://www.abebooks.com/signed/Economics-Introductory-Analysis-Samuelson-Paul-McGraw-Hill/30058256356/bd

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William D. Cohan, best-selling author, joins the show to talk about his new book about GE, "Power Failure: The Rise and Fall of an American Icon", the legacy of Jack Welch, and our endless fascination with the cult of the CEO. Plus, as the Debt Ceiling approaches, the U.S. Treasury is warning of a repeat of 2011 that could derail markets and deliver a serious blow to the country's precarious financial situation. And, risk is back on the menu as promiscuous investors hunt for yield in dangerous places.

LINKS:

https://allstarcharts.com/blog/

www.investopedia.com/terms/d/debt-ceiling.asp

https://home.treasury.gov/news/press-releases/jy1188

www.weforum.org/events/world-economic-forum-annual-meeting-2023

www.investopedia.com/terms/d/discountrate.asp

https://williamcohan.com/

https://www.youtube.com/watch?v=j8d-IYSM-08&t=1603s

The Investopedia Reader Sentiment Survey

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