Gunjan Banerji

speaker

560 appearances 12 recordings 1 series first heard Apr 2018 last heard Nov 2024

Gunjan Banerji’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 · What's Driving U.S. Stocks' Unprecedented Rally? · 16 Sep 2020 podcast

We've seen corporate profits absolutely plummet. matched

So against the backdrop of all of that, we're seeing stock markets soar back towards records. matched

exactly that's definitely one key factor that has differentiated this crisis from prior crises um and that's the speed of the federal reserve and u.s government's response to all of this which was just speedier and more muscular than ever before you know the fed cut interest rates to near zero the u.s government sent more than 150 million stimulus checks to americans matched

and backed around half a trillion dollars in loans to small businesses. matched

So the Fed and the U.S. matched

government responded a lot more quickly than they did during the last financial crisis. matched

And that's actually one key lesson that investors have learned. matched

And that is, hey, it does not pay to bet against the Fed. matched

Last time, during the last financial crisis, when the Fed stepped in and the U.S. matched

government stepped in to help markets, matched

stocks did recover after that nadir. matched

So investors saw that, and that made them think, hey, this time around, if the Fed is stepping in, I should not bet against that, and it's time for me to buy stocks. matched

One key differentiating factor this time around is that because of the Fed's response and because of the US government's response, market participants are expecting the economy to bounce back pretty quickly. matched

And I was pretty shocked to see this. matched

They're expecting corporate profits to rebound later next year. matched

They're expecting GDP to rebound. matched

And we've already seen some signs of a recovery in the jobs market and consumer spending, though we're still definitely really far from where we were before. matched

Totally. matched

It's shocking to see just how dominant they've become in our society and also in the U.S. matched

stock market. matched

Showing 321–340 of 560 · page 17 of 28