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Weekly Market Insights – January 8, 2024

Cornerstone Financial Advisory

3,4 This Week: Key Economic Data Tuesday: International Trade in Goods. Source: Investor’s Business Daily, Econoday economic calendar; January 5, 2024 The Econoday economic calendar lists upcoming U.S. Choose the correct option (electronic filing software can prevent mistakes). News of unemployment remaining steady at 3.7%

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Transcript: Steven Klinsky

The Big Picture

STEVEN KLINSKY, FOUNDER, CEO AND MANAGING DIRECTOR, NEW MOUNTAIN CAPITAL: I come from the Detroit area of Michigan as a public school kid, went to University of Michigan and studied both economics and philosophy. And people thought the Japanese were all going to destroy all American electronics. KLINSKY: Well, thank you. KLINSKY: Yeah.

Investing 257
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Transcript: Graeme Forster, Orbis Investments

The Big Picture

A degree in mathematics from Oxford, a doctorate in mathematical epidemiology and economics from Cambridge. So I, I did a math degree at Oxford, which is more pure math. You know, pure math can be very theoretical and detached from the real world, and it’s getting worse. What is that? You give out 5%.

Investing 130
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Transcript: Sean Dobson, Amherst Holdings

The Big Picture

So in this, in this context of, of a mortgage now being clear to everyone that this default risk is present, it’s real, and it’s hard to price because following the borrower’s economic profile, there, there are defaults that are related to just life events, but there’s also defaults related to a macroeconomic event.

Banking 141
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Transcript: Liz Hoffman

The Big Picture

The economic dislocation, the health risks, just the mayhem that took place, but from the perspective of a number of corporate CEOs, Bill Ackman of Pershing Square Capital, the hedge fund that had a couple of amazing trades based on this. HOFFMAN: So obviously, I’ve — you know, economically minded from the jump.

Retail 130
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Transcript: Steve Case

The Big Picture

And I read a book by Alvin Toffler, the futurist, called The Third Wave, and he basically was talking about this coming kind of electronic frontier or electronic cottage. The math never seems to work out. All these interactive services, I was really intrigued. I was smitten. I was mesmerized. So I knew I wanted to do that.

Startup 161