Rob Armstrong
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Podcast Appearances
They need them to go zigzaggy because you make money on the zig and the zag.
And so it's been a volatility carnival in the first going into the second quarter.
The yield curve is still positive, which means short-term rates are lower than long-term rates.
That helps banks that borrow short and lend long.
And, you know, the economy is good enough that loans are growing.
So financials are growing their earnings at 20%.
So that gets you two big sectors right there.
Before you even started talking about technology...
For the fund managers, for the people like us who are paid to make sense of what the hell is going on, this is very difficult.
But for the traders, they're like, great.
You want to sell a stock down or up 15% for no particular reason?
And by the way, the bid-ask spread on that stock will be high.