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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Appearances

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WSJ Your Money Briefing · Stocks Suffer Their Worst Week of the Year · 8 Mar 2019 podcast

You know, that December 24th Christmas Eve sell-off, I mean, it was within less than half a percentage point of ending that bull market. voice-verified

So, we were almost there. voice-verified

And we're really not out of the woods. voice-verified

We haven't hit that new high yet. voice-verified

So, we're really not – I mean, a lot of the major indexes aren't really out of that, I guess, correction mode that we've really been stuck in since September. voice-verified

Trade talks are certainly going to be a major influencer in how markets move. voice-verified

But one investor used a really interesting word to describe just sort of how the rest of March could proceed, where he said, we're sort of in this limbo or this purgatory right now. voice-verified

And basically what that means is that voice-verified

You had this jobs data come out, and you had the major announcement from the ECB. voice-verified

There's no earnings right now, either. voice-verified

We're done with fourth-quarter earnings. voice-verified

We're waiting for first-quarter earnings to start. voice-verified

Some of that will start next month. voice-verified

At this point, there's really not a lot of major economic data coming. voice-verified

There's a number of small snippets that are going to give investors... voice-verified

I guess some indication as to how the broader economy is doing, but it's not going to be a clear signpost like you had with the jobs report data. voice-verified

That said, on Monday there will be new retail sales data, and that'll be extremely important considering what that previous month's numbers showed, that sharp drop in retail sales numbers. voice-verified

That'll be closely watched in terms of a gauge of the health of the U.S. voice-verified

consumer and a big part of the U.S. voice-verified

economy. voice-verified

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