On November 2, 2023, SouthCol Advisors Founder James Lumberg presented the third quarter market review, “Soft Landing? Ask the Consumer.”
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00:00 Introduction
01:27 Market Dashboard YTD 2023 as of 2023-10-30
02:57 S&P 500 Index: Trailing 180 Days
03:21 Sector Performance
04:00 Sector Performance – Consumer Discretionary
04:32 S&P 500: Forward P/E Ratio
05:25 S&P 500: Earnings Consensus
05:50 10-Year Treasury Yield – Trailing 180 Days
06:29 Treasury Yield Curve
07:30 Bond Markets Flag Recession Risk
08:18 Treasury Yields
08:51 Peak Fed Rate as an Indicator of 10-Year Yields
09:45 Eye On the Fed This Week
10:30 Inflation | Changes in CPI 2005 – Present
11:17 Employment | Unexpected and Resilient
11:36 Read GDP Growth Rate – Annualized – 12 Qtrs
12:05 Resilient Consumers and U.S. GDP
12:31 Fed Officials project another rate increase this year
13:03 Concluding remarks about time horizon and purpose of money