Bearish Wall Street 2023 Targets | Fed Wants You To Lose Your Job?
Broken Pie Chart · Broken Pie Chart
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Show Notes
Last week the payroll and unemployment numbers came out. They surprised to the upside but does the Fed really want people to lose their jobs? How are the unemployment numbers calculated? And an under the radar demographic trend on working age population. Plus, the 2023-year end S&P 500 Index targets are coming out and they are bearish!
What are investment banks 2023-year end S&P 500 Index price targets?
How do the 2023 targets compare to last year's year end 2022 targets?
How wrong were they and will they be wrong again?
Are S&P 500 market predictions too bearish and is that good from a contrarian standpoint?
What do the unemployment and payroll numbers mean?
What's going on with demographics that working age population is trending lower?
Labor force participation rate
Unemployment rate
Working age population
Mentioned in this Episode:
Atlanta Fed Wage Growth Tracker https://www.atlantafed.org/chcs/wage-growth-tracker
Nonfarm payrolls https://fred.stlouisfed.org/series/PAYEMS
Household employment survey employment level https://fred.stlouisfed.org/series/CE16OV
Labor force participation rate https://fred.stlouisfed.org/series/CIVPART
Working age population https://fred.stlouisfed.org/series/LFWA64TTUSM647S#0
Derek Moore's book Broken Pie Chart https://www.amazon.com/Broken-Pie-Chart-Investment-Portfolio/dp/1787435547/ref=sr_1_1?keywords=broken+pie+chart&qid=1558722226&s=books&sr=1-1-catcorr
Contact Derek [email protected]