Listen and subscribe to Stocks In Translation on Apple Podcasts, Spotify, or wherever you find your favorite podcasts. In this episode of Stocks In Translation, Yahoo Finance’s markets and data editor Jared Blikre and senior reporter Alexandra Canal welcome Callie Cox, strategist at Ritholtz Wealth Management, to the podcast. The team explores market resiliency — the ability to endure and recover quickly from challenges like economic downturns or financial crises while maintaining stability.
Cox reflects on the recent market trends amid seasonality and rotation, saying, "It’s been a pretty smooth ride this October, which is not something I expected." Cox credits the current market resilience to the strength of the job market. “The job market was incredibly strong in 2022, 2023,” she continued. “The fact that unemployment has been so low, wage gains have been so strong. Even as inflation has come under control, everything’s just become more affordable. And we’ve all stayed employed during the process. That is a rarity in history.”
The conversation then shifts to the second half of the Fed’s dual mandate: stable prices (i.e., inflation). Cox says that something people can forget is "the fact that inflation doesn’t heal itself through lower prices, it’s actually higher prices that become more affordable as you examine your budget.” Cox also explains the red flag that comes with deflation: “If you’re seeing prices fall, that is not a good thing. That means there’s something nefarious happening in the economy, and chances are there’s going to be massive job loss around the corner,” Cox said.
Twice a week, Stocks In Translation cuts through the market mayhem, noisy numbers and hyperbole to give you the information you need to make the right trade for your portfolio.
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