00:00 Okay, Nathan tomorrow's the last day of the quarter of the first half and we're getting PCE and initial claims
00:06 How are you gonna position heading into all that?
00:09 Yeah, I listen I think that you know, we kind of hit on this before we're kind of petering into quarter end
00:14 We're gonna have two consecutive negative quarters in the stock market. We have not had in a very long time
00:20 I think that discussion about some of these prints are really interesting to me
00:23 It's going to be this push and pull between these hot CPI or these hot PC so hot inflationary pressures
00:29 versus stuff that are telling us that the economy is weakening and not weakening and I think you are a
00:34 100% correct to keep an eye on those employment data because if it starts ticking up and we start seeing a
00:40 Weakening consumer like we've seen this week in that consumer data that was consumer confidence. It was at 16 month lows
00:46 I think that push and pull is gonna be the thing that obviously causes the Fed to stop
00:51 Raising at the pace in which they have but it won't be good because the economy will have slowed
00:56 It's gonna likely put us into a recession and that stagflation area environment is not going to be great for stock
01:01 So I'm not expecting a q3 that's gonna be that much better than what we've seen so far in 2022
01:07 But I do think that investors start to have to think past 2023. What's a more constructive environment?
01:13 What's rates of normalized?
01:15 So to me, I think you want to start dollar cost averaging in stories that thinking about 2023 and beyond. Oh
01:20 All right
01:22 averaging in, dipping your toe in the water,
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