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Steve Larsen

Helping Small Business Owners Produce Freedom So They Can Enjoy an Abundant Life and Live Their Passion & Purpose!

What Did Mikey Say?

Written by Steve | Published: |

In the 70’s there was a campaign to get kids to eat “Life” cereal. In the advertisement there are two brothers that are too afraid to try this ‘healthy’ cereal so they give it to their brother Mikey to try it.

After he tries it he starts chowing down the rest of the bowl and the brothers exclaim, “He Likes It!” And then find it safe to eat a bowl themselves.
Today I want to share with you a video that I have now watched over 5x in the last week.

There is so much information in this video that is critical to your financial success.

The video is an interview with Mike McGlone, a Senior Macro Strategist for Bloomberg Intelligence.

https://www.youtube.com/watch?v=-J9_l2kDsNo

What I like is that he is not an emotionally charged doom and gloomer, he is just giving people the facts so they can make their best decisions.

Please make time to watch at least the first 15-16 minutes of this. The rest I think you will enjoy as well.
Here are some bullets from the video:

[1:07] How the most rapid decrease in the Producer Price Index since 1948 indicates risk of severe deflation (meaning asset values dropping)

[2:28] How money supply (liquidity pump) after pandemic shutdown caused where we are today

[5:30] Nasdaq bounced up in July 2007 helping people feel safe in the market before collapse in September 2008

[6:02] Stock market went up in a wall of ‘hopium’ in 1930  before it was driven down for the next few years during the great depression

[6:17] New York Fed and yield curve estimates the probability of a US Recession at 70.85%, the highest it has been since 1982.

[7:42] Fed easing won’t happen until after the stock market falls goes down

[8:28] Leading vs lagging data cause Fed to keep raising rates to try and stop sticky inflation

[9:07] Too much liquidity in the market after pandemic relief

[10:46] Thinks it is illogical to expect a mild recession after the quickest rate hikes in history

[10:56] Expects a reciprocal recession like we had in 2000 and 2008 with a 50-60% market correction

[11:44] commodity index is down 20% and S&P 500 is up 20% with a 40% divergence equals high risk and market is bloated

[12:21] Nasdaq priced for a “goldilocks” scenario

[13:43] Booms and bust come on the back of tightening liquidity

[13:54] The set up is causing human nature to bring in more money into the market right before the bust

[15:52] US corporate bankruptcy filings hit 12 year high

The rest is fantastic as well.

So what do you think, do you think ‘Mikey’ likes what is going on in the markets?

In light of this information I urge you to take an honest look at how you are approaching this market.

If you need some extra guidance to navigate this storm please reach out and set some time with me and my team.

Enjoy the video over the weekend!

Remember — It’s Your Time…

Steve
Steve Larsen