What Will Cause The Next Financial Meltdown? | Sam Burns
David Lin: 8-28-2023
Sam Burns, Chief Market Strategist of Mill Street Research, discusses his outlook for the economy and financial markets for the remainder of the year.
0:00 – Intro
1:00 – Stock market outlook
3:40 – Overweight sectors
4:33 – Real estate
6:00 – Soft landing
8:30 – Fiscal vs monetary policies
10:10 – Cost of borrowing
13:20 – U.S. real wages
14:50 – Job market
16:00 – Bankruptcies
20:40 – China
22:30 – Interest rate
26:50 – Consumption
28:40 – Inflation
30:15 – Fed pivot
25:25 – Recession outlook
36:38 – New all-time highs
37:30 – Underweight sectors
39:00 – What would make Sam bearish?
