On The Markets - Markets Rally Through Headwinds

While market movements can often be “priced in” weeks or months in advance, this week’s news cycle clearly had impacts on asset performance. With so many reasons for a downturn, the market still found it’s footing. Let’s find out how, On The Market.

This week Sonoma Wealth Managing Principals Chris Sipes CFP® and Sonoma Wealth Marketing Director Dano Weir examine:
• Daren explains why the “TACO” truck returned to the market this week.
• Mag 7 held up the market after a rough start to the year. Where do we go from here?
• It’s tax time. California feels like the most taxed state in the union. Is it true?
• Layoffs and college grad unemployment making headlines. How many young people are still living with their parents?
• Consumer sentiment is at a 70 year low, but we’ll examine what signals Daren sees that are indicating a bullish breakout.

0:00 Intro
6:20 Income tax by state
8:20 Young adults living with their parents
10:47 Investor Sentiment
11:53 CPI ticks up
12:30 ISM vs CPI
16:21 Consumer sentiment at a 70 year low
18:30 Goods inflation
20:00 Spread on junk debt
23:21 S&P is barely off all time highs
24:20 Stock correlations are low
26:09 Value stocks finally performing YTD
28:00 Money supply still going up
31:30 What the TACO trade really means for the S&P
37:30 Heat map and thoughts on “up and to the right”
49:00 Oil down
49:40 Gold staying strong, Bitcoin double bottom

Video available on YouTube: https://youtube.com/live/OORmha0_L3Q?feature=share

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The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed. Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information. A professional advisor should be consulted before implementing any of the options presented.
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