Mike Green & Bob Elliott: "Hard Landing" In Store For Economy In 2024
On todays episode, Bob Elliott CIO at Unlimited Funds & Mike Green Chief Strategist at Simplify Asset Management join the show for a discussion on the late cycle slowdown coming throughout the end of 2023 & into 2024.We discuss the impact of passive investing & to what degree earnings really matter in todays modern market structure, the relative value in bonds vs stocks & what delinquencies could be signalling in terms of credit going forward. To hear all this & more, you'll have to tune in! -- Follow Bob Elliott on Twitter https://twitter.com/BobEUnlimited Follow Mike Green on Twitter https://twitter.com/profplum99 Follow Jack Farley on Twitter https://twitter.com/JackFarley96 Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance Follow Blockworks on Twitter https://twitter.com/Blockworks_ -- Timestamps: (00:00) Introduction (00:15) The Bond Market Sell-Off (04:09) Is The Bond Market Pain Over? (06:37) The Economy Remains Strong… For Now (13:23) Fading The Soft Landing (19:36) The Passive Investing Machine Keeps Churning (26:19) Who Is The Marginal Buyer Of Bonds In 2023/24? (30:49) We're In The Late Stages Of A Macro Cycle (36:16) A Maturity Wall Is On The Horizon (38:42) The Best Risk/Reward In Markets (49:20) Bitcoin, Gold & Bond's During Geopolitical Conflict (59:12) Recession & The Unemployment Rate (01:02:48) Banks Are Less Important In The Credit Cycle Today (01:15:51) Will The Fed Cut Rates In 2024? (01:24:05) Seeking Alpha vs Beta -- Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.