Facts vs Feelings with Ryan Detrick & Sonu Varghese
This podcast takes a deep dive into the market-moving events to cut through the noise and help you identify what really matters. Facts vs Feelings is hosted by Chief Market Strategist, Ryan Detrick and VP, Global Macro Strategist, Sonu Varghese, and is a product of the Carson Investment Research Team.
The information included herein is for informational purposes and is intended for use by advisors only, and should not be copied, reproduced, or re-distributed without the consent of CWM, LLC. Carson Partners offers investment advisory services through CWM, LLC, an SEC Registered Investment Advisor. Carson Coaching and CWM, LLC are separate but affiliated companies and wholly-owned subsidiaries of Carson Group Holdings, LLC. Carson Coaching does not provide advisory services.
Facts vs Feelings with Ryan Detrick & Sonu Varghese
You're Fired! (Ep. 147)
In the latest episode of Facts vs Feelings, Ryan Detrick, Chief Market Strategist, and Sonu Varghese, VP, Global Macro Strategist, discuss the latest surprising jobs data, significant payroll revisions, and President Trump's controversial firing of Bureau of Labor Statistics Commissioner Erica Groshen. Ryan and Sonu also provide insights into the Fed’s next moves, inflation challenges, and the unexpected factors influencing recent labor market trends.
Key Takeaways:
- Surprising Jobs Report: July's payroll came in at 73,000—lower than expected—with massive downward revisions for previous months.
- Payroll Data Accuracy: These significant revisions to recent month’s data are due to survey response rates, seasonal adjustments, and methodology nuances.
- Immigration and Labor: A drop in immigration has impacted the labor supply, with fewer jobs now needed monthly to match population growth.
- Federal Reserve Outlook: Mixed economic signals have complicated rate cut decisions, leaving Fed Chair Jerome Powell cautious and focused on inflation risks.
- AI Spending Surge: AI-related investment has significantly boosted GDP growth, offsetting weaker consumer spending.
Connect with Ryan:
• LinkedIn: Ryan Detrick
• X: @ryandetrick
Connect with Sonu:
• LinkedIn: Sonu Varghese
• X: @sonusvarghese
Questions about the show? We’d love to hear from you! factsvsfeelings@carsongroup.com
#FactsVsFeelings #JobsReport #FederalReserve #Inflation #JeromePowell #LaborMarket #PayrollRevisions #AIInvestment #EconomicTrends #FinancePodcast #CarsonGroup
