What Meet Kevin said in this video:
- EmploymentneutralThe host sees the labor market as healthy with strong private payrolls, adding to the Fed's inflation challenge rather than easing it.Source
- CryptoneutralThe host notes Bitcoin is below $70,000 and attributes the drop mainly to macro forces rather than the Microsoft email outage.Source
- Oil & EnergyneutralThe host notes oil has climbed back to $96 per barrel, tied to the lack of an Iran deal and broader inflation concerns.Source
- InflationneutralThe host reads the hot core PPI as confirmation that inflation remains broad-based and sticky, not the soft print the market wanted.Source
- Fed PolicyneutralThe host says the hot inflation data effectively confirms another Fed hike and that markets are pricing in more tightening.Source
- GeopoliticsneutralThe host says the Iran situation is not improving and appears to be getting worse, sustaining geopolitical risk.Source
- Market Breadthnegative for stocksshort-termThe host says increasingly aggressive Fed-hike expectations are generally bearish for risk assets in the short term, while also creating buy-the-dip opportunities.Source
- Bonds & RatesneutralThe host notes the 10-year Treasury yield is ticking up to 5.147 on Fed-hike expectations, while still below his 5.27 lid.Source