Did You Say “Utes”?
September 9, 2024
Guy Adami and Liz Young Thomas of SoFi analyze the recent performance of stock market, noting it was the worst week since March 2023's regional bank crisis. They debate whether this signals a market correction or an emerging larger issue, with Guy cautioning about potential underlying problems. Elizabeth attributes some stock volatility to the labor market and AI hype. The conversation covers various economic indicators including the unemployment rate, CPI, and shifts in market areas such as utilities and commodities. They also discuss the global implications of Japan’s monetary policy changes and speculate about future market directions.
