Powell on Capitol Hill, 10% Market Correction, and Innovation vs. Concentration 7/9/24

09/07/2024 42 min
Powell on Capitol Hill, 10% Market Correction, and Innovation vs. Concentration 7/9/24

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Episode Synopsis

Fed Chair Jay Powell heads to Capitol Hill for two days of testimony. The New York Times' Jeanna Smialek tees up the event. Plus, Morgan Stanley's Mike Wilson is warning a 10% market correction is highly likely. Main Street Asset Management's Erin Gibbs gives her take. And, Jim Cramer says investors should focus on innovation, not market concentration. 2/13 Strategic Partners' Greg Sarian discusses. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.