CHGG - Bullish On 'New Tech' - George Ball Joins Alpha Trader (Podcast)

This week’s Alpha Trader podcast features hosts Aaron Task and Stephen Alpher talking with George Ball, chairman of Sanders, Morris, Harris. Among the topics discussed: Stocks are expensive and the bull market is long in the tooth, but the Fed (or at least Chairman Jay Powell) is showing little interest in tightening policy. While fast growth and perky inflation would seemingly argue for the Fed to move, don’t discount that Powell would like to keep his job - tapering and/or higher rates wouldn’t be the best career move. What might upset this equation is the Fed having gotten it wrong on “transitory” inflation. Last week’s “soft” employment report was notable for a 0.6% rise in average hourly earnings - double what was expected. While one could argue that the taper is priced into stock prices, Ball says higher and stickier than expected wage-led inflation certainly isn’t. Nevertheless remaining bullish, Ball

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Bullish On 'New Tech' - George Ball Joins Alpha Trader (Podcast)