Welcome to The Big Mike Fund Podcast. Today I have the pleasure of chatting with Frances Newton Stacy. She works for Optimal Capital as the director of portfolio strategies. Frances is also a frequent guest on both CBS, CNBC, as well as Fox Business News as a commentator on Central Bank Policy.
She also blogs about the trading community by helping to recognize key cycles and significant support and resistance levels. Today we’re talking about her thoughts on the future of the economy: jobs, the stock market, real estate, and the general overview of what we may see in the upcoming year.
Minute Markers:
00:50 – A bit about Frances Newton Stacy
04:50 – Frances’ thoughts on the current state of joblessness
07:10 – Things to look out for in the near future
12:00 – Incentive programs for people to go back to work
13:36 – Things happening in real estate
15:20 – Frances’ proposals and thoughts on how to prevent rates from going negative
18:25 – Stocks, the markets, and trading
29:00 – Economist market projections
31:45 – Airlines stocks as an example of cyclical recovery
34:45 – Parting thoughts on what people should or could do with their money
41:55 – What’s the best way to get ahold of Frances?
43:30 – Thanks for listening to the Big Mike Fund podcast.
Quotes:
“Lower rates usually support the real estate market but in a situation where you don’t have banks willing to lend, then that kind of restrains that area. So you may not see that traditional reaction to the rates falling.” – Frances Newton Stacy
“In New York City, 30% of restaurants will never open their doors again. And how many of those 30% actually default somewhere in credit-land?.” – Frances Newton Stacy
“In real estate, you have to wait. We don’t know what the data is going to do but I personally wouldn’t pay pre-COVID prices until I saw what the defaults look like.” – Frances Newton Stacy, on what to do with your money in the near future.
“It would be so much better to give employers and employees incentives to go back to work.” – Mike Zlotnik
Resources:
Previous episode with Frances Newton Stacy
