Michael Wursthorn

speaker

1,567 appearances 29 recordings 1 series first heard Jul 2017 last heard Nov 2021

Michael Wursthorn’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Big Tech Shares Lose Their Wall Street Spotlight · 27 Aug 2019 podcast

And to see us shift it or at least see the market sort of shifting its attention and focus on other companies that have in a lot of ways, I wouldn't say untested business models, but business models that just have a much deeper potential for penetration going forward.

WSJ Your Money Briefing · Bank Earnings, Fed Minutes On Tap · 5 Apr 2019 podcast

Well, it's interesting. matched

So this is the longest win streak, seven days for the S&P 500 since October 2017. matched

It's a great record, you would say. matched

But if you look at the actual gain over that time, it was the biggest gain since just last week over that seven-day stretch. matched

The market barely moved. matched

There was, in fact, one day during the week where matched

where the S&P barely rose at all. matched

It was basically unchanged. matched

So what that just basically means is that the market was very quiet. matched

There was very little trading activity the last few days, and investors were very much eagerly anticipating earnings. matched

So while there wasn't, say, a lot driving the market higher, there also wasn't a lot to drive it lower. matched

So it was really just very flattish over that seven-day stretch. matched

That said, the market's facing this big test with earnings coming up. matched

It gave investors that confidence that they just needed additionally a bit more, especially after that last jobs report, that the economy here in the U.S. matched

is in fact okay. matched

You're seeing very robust employment growth. matched

And anything over 100,000 in terms of jobs added over a month, that's a good sign for markets. matched

The one concerning thing that may have explained some of the softness that you saw is that wage growth did come down a little bit, and it's one of those double-edged swords for the market in the sense that higher wage growth means that employees are making more and consumers are spending, but that also means inflation is rising. matched

Lower wage growth, though, could also suggest that there might be some matched

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