What Really Caused the Stock Market Crash of 1929?

With the Dept. of Justice's recent antitrust victory over Google and its online advertising practices ruled monopolistic, the breakup of the biggest technology companies in the world seems like a real possibility. But, as William Kovacic, former Chair of the FTC and now a Professor of Law and Global Competition at The George Washington School of Law explains, the cases against these giants can take many years to resolve, and enforcement is becoming more complicated in the era of A.I. Plus, sentiment has shifted back to the Bulls as old leaders take the reins and the market erases most of its recent losses. LINKS FOR SHOW NOTES: https://guides.loc.gov/this-month-in-business-history/july/sherman-antitrust-act-enacted https://www.law.gwu.edu/william-e-kovacic https://www.bespokepremium.com/ https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html https://www.investopedia.com/terms/s/sherman-antiturst-act.asp https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8696477 https://advantage.factset.com/hubfs/Website/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_081624.pdf Learn more about your ad choices. Visit podcastchoices.com/adchoices

19 Elo 202433min

On our 200th episode, JC Parets of AllStarCharts climbs back aboard The Express to assess the damage across the capital markets following the 2024 Summer Volmageddon. As it turns out, some sectors and asset classes actually got stronger despite the headlines, and may provide the set up for the next leg of this Bull Market. Plus, sentiment indicators have been flashing warning sirens among individual and institutional investors, and anxiety is riding high, so why are more individual stocks hitting new 52-week highs than any point this year? links for show notes: https://www.investopedia.com/articles/economics/08/past-recessions.asp https://www.conference-board.org/topics/CEO-Confidence https://www.investopedia.com/what-the-carry-trade-had-to-do-with-monday-stock-market-rout-8690861 https://www.optimisticallie.com/ https://www.investopedia.com/bank-of-japan-calms-markets-with-pledge-not-to-raise-rates-amid-volatility-8691554 https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8693128 https://allstarcharts.com/blog/ Learn more about your ad choices. Visit podcastchoices.com/adchoices

12 Elo 202431min

Stock markets around the world are melting down as the most popular trades around A.I. and Tech are unwinding amid worries about overvaluation and signs of weakness in the U.S. economy. Paul La Monica from Barron's joins The Express to help us find the key similarities and differences between the Internet Bubble of 1999 and the A.I. craze of today. Plus, one of the most popular trades in the world is grinding to a halt as the Japanese Yen strengthens against the U.S. Dollar, and it's impacting other markets around the world, and Warren Buffett's Berkshire Hathaway has been aggressively selling some of its favorite stocks, including Apple. LINKS FOR SHOW NOTES https://www.investopedia.com/what-is-the-sahm-rule-8637564 https://www.investopedia.com/the-express-podcast-episode-181-8623072 https://www.investopedia.com/key-takeaways-from-berkshire-hathaway-q2-fy2024-earnings-8689932 https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8688987 https://www.barrons.com/authors/paul-r-lamonica https://twitter.com/LaMonicaBuzz https://www.eri-c.com/ Learn more about your ad choices. Visit podcastchoices.com/adchoices

5 Elo 202433min

The past month has been one of the most chaotic four weeks in U.S. political history, and the election is still over three months away. Michael Townsend, Chares Schwab's political analyst and a long-time Washington watcher, joins The Express to explain what's next in the political process for the Democrats, the likelihood of major policy changes to tax rates and the Inflation Reduction Act, and what investors should stop worrying about as the election approaches. Plus, the history of stock market returns during election years, and why investors need to stay the course no matter what the polls say or who ends up occupying the Oval Office. LINKS FOR SHOW NOTES: https://www.schwab.com/learn/author/michael-townsend https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8684188 https://www.investopedia.com/ask/answers/030515/real-gdp-better-index-economic-performance-gdp.asp https://www.schwab.com/learn/washingtonwise https://www.schwab.com/learn/author/michael-townsend https://www.investopedia.com/how-big-tech-earnings-could-affect-the-market-amazon-apple-meta-microsoft-8684494 Learn more about your ad choices. Visit podcastchoices.com/adchoices

29 Heinä 202432min

Callie Cox, the new Chief Market Strategist at Ritholtz Wealth, rejoins The Express to unpack the historic break out in small cap stocks of late, and why the prospect of lower interest rates is actually good news for investors seeking balance. Plus, Callie's advice to Millennials looking to build a balanced portfolio that doesn't look anything like their parents' standard 60/40. And, some weeks last a decade, and last week was one of them. LINKS FOR SHOW NOTES https://www.pionline.com/hedge-funds/hedge-funds-post-pretty-strong-performance-midway-through-2024-return-58 https://advantage.factset.com/hubfs/Website/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_071924.pdf https://www.investopedia.com/ecb-holds-interest-rates-at-record-highs-lowers-inflation-forecasts-8605578 https://www.investoped...ition-8601178 https://www.ritholtzwealth.com/team/callie-cox https://x.com/callieabost Learn more about your ad choices. Visit podcastchoices.com/adchoices

22 Heinä 202434min

Buoyed by more record highs, investors have been reinvigorated by the prospect of interest rate cuts in September as inflation slows. But, as SoFi's Liz Young Thomas explains, interest rate cuts into a slowing economy are not always followed by great returns. Liz rejoins The Express to share her outlook for the second half of the year, and how to invest now to take advantage of sector rotation and economic headwinds. Plus, Wall Street strategists continue to raise their year-end price targets for the S&P 500 as earnings strengthen and market breadth finally opens up. LINKS FOR SHOW NOTES https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html https://www.yardeniquicktakes.com/meltup/?utm_source=substack&utm_medium=email https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8676779 https://advantage.factset.com/hubfs/Website/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_071224.pdf https://www.sofi.com/on-the-money/category/investment-strategy/ https://www.investopedia.com/terms/e/etn.asp https://www.investopedia.com/terms/b/bullsteepener.asp Learn more about your ad choices. Visit podcastchoices.com/adchoices

15 Heinä 202430min

Great wine enthusiasts and collectors are no different from investors. We like to find value and growth potential before anyone else, and back the next great company or vintage. From The Food & Wine Classic in Aspen, Kerrin Laz, David Parker and Charles Antin, three of the top wine experts in the country, explain how to find the next Screaming Eagle before it leaves the nest. Learn how they use their expert palettes, deep industry knowledge and market data to find the next Unicorn wines before they triple in value, and how to care for those bottles to maintain it. Plus, their top picks today and where to find them. LINKS FOR SHOW NOTES: https://foodandwineclassicincharleston.com/ https://www.lazwine.com/ https://www.benchmarkwine.com/ https://charlesantin.com/ https://www.foodandwine.com/ Learn more about your ad choices. Visit podcastchoices.com/adchoices

7 Heinä 202431min

Nathaniel Popper joins The Express to talk about his latest book, "The Trolls of Wall Street: How the Outcasts and Insurgents are Hacking the Markets", and explains the origins of meme stock explosion which actually took root during Occupy Wall Street, and made their way through online forums like 4chan where throngs of disillusioned young men found community in the stock market. Popper draws the through-line from the Great Financial Crisis through the birth of Robinhood, Reddit and ultimately wallstreetbets, where trolling is the language of trading. If you thought this community of traders went away with the pandemic - think again. They are here to stay, and that could be good news for all investors. LINKS FOR SHOW NOTES https://www.investopedia.com/terms/v/vix.asp https://www.ndr.com/ https://sentimentrader.com/reports https://www.carsongroup.com/insights/blog/here-comes-the-best-month-according-to-the-past-20-years/ https://www.investopedia.com/terms/s/skew-index.asp https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8670691 https://www.amazon.com/Trolls-Wall-Street-Insurgents-Outcasts-ebook/dp/B09L8CSDYW https://www.nathanielpopper.com/ Learn more about your ad choices. Visit podcastchoices.com/adchoices

1 Heinä 202435min