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Jack Farley & Max Wiethe break down recent economic data on inflation and the labor market, the parade of positive earnings reports sending markets higher, and how this is representative of an economic expansion that is benefiting Wall Street while Main Street is left behind.

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Timestamps:

00:00 Intro

00:46 Financial Conditions Are Easy

01:48 Inflation Report (CPI)

04:02 Market Strength (Wall St.) vs Economic Weakness (Main St.)

10:13 Earnings Expectations: Priced for Perfection?

16:13 Fiscal AI

17:36 Are We in a Bubble?

22:12 AI CapEx Trends

25:42 AMZN and Earnings Season Losers

30:38 What’s Up Next Earnings

33:11 The New BLS and Labor Market Data

38:12 Market Complacency and Long-term Predictions

42:46 What’s in the Portfolio of “Super Investors”