Wall Street Unplugged - Your Best Source For Finance, Investing & Economics
The stock market is in a ‘death zone’
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:35:36
- More information
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Synopsis
First, a quick reminder that we’re launching WSU Premium next week. Subscribers will receive a ton of investing ideas, behind-the-scenes research, special interviews with Wall Street heavy hitters, and much more. If you haven’t already subscribed, . The minutes from the Fed’s last meeting come out later today. Daniel and I discuss our expectations… whether they’ll be meaningful… and potential surprises that would alarm us. Morgan Stanley released a report comparing the current state of the market to Mt. Everest’s “death zone” (the deadliest stretch for climbers). Daniel and I highlight the important details, including one critical indicator that’s flashing a warning sign for stocks. Turning to earnings, shares of ZipRecruiter (ZIP) plunged more than 25% after the company’s latest results. I explain why ZIP’s terrible quarter is actually a positive sign for the economy. Finally, La-Z-Boy (LZB) just broke out to a 52-week high following a solid earnings report. We break down the No. 1