Brian Vendig

speaker

67 appearances 1 recordings 1 series first heard Jul 2022 last heard Jul 2022

Brian Vendig’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

No recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.

Appearances

newest first · ▶ plays the moment

WSJ Your Money Briefing · Stock Market: What to Expect in the Second Half of 2022 · 5 Jul 2022 podcast

Investors right now are a little bit confused, probably a little bit pessimistic and really wondering, you know, how many of these things are permanent and what's temporary right now.

Thanks so much, JR.

Happy to be here.

The start of this year has definitely been one that is unprecedented and probably has created a lot of confusion for investors.

I mean, we have a cross current of a bunch of different variables that impact people's lives today.

not only fundamentally, but also just inquisitively wondering where things are going to go from a cost of living perspective or a war that's happening in Eastern Europe and trying to relate that back to their portfolios.

We haven't seen some things that occurred this year.

They haven't happened since the late 60s or even just a handful of times going back to the 1950s.

So I think investors right now are a little bit confused, probably a little bit pessimistic and really wondering,

You know, how many of these things are permanent and what's temporary right now?

Well, when we look back on history, I think it's fair to assume, and we've seen it play out as such, that the market is a forward-looking indicator.

It processes information, it looks out to the future, trying to assess probabilities of things happening.

And we've actually been able to analyze that by looking back at the market going back to 1945.

And what we've seen is that with markets being down at these levels, it starts to give us inclination that the market's pricing in a recession.

And what we've seen on average where recessions have happened and markets have declined advance of real recessions, markets have gone down around 24 percent on average.

And that's actually coincidentally where we were, JR, about two weeks ago, give or take.

So I think what the market is saying to us right now is that due to the concerns and uncertainties,

of Fed policy as a reaction to headline inflation, inefficient supply chain still coming out of the pandemic and influences of Ukraine.

And then at the same point in time, wondering if publicly traded companies can still grow earnings in this environment.

I think a lot of that negative news and some of those concerns are being priced in today.

Showing 1–20 of 67 · page 1 of 4