Omicron, Powell Backtracks, and an Evolving Black Friday, Ep #104

A lot has happened within the past week: a new Covid-19 variant was detected, chairman of the Federal Reserve, Jay Powell, finally retired the word “transitory,” and Black Friday sales may have had their last great chance. If you didn’t get the chance to listen to last week’s episode,  it has everything you need to pace along with all the topics in this one and understand why we’re talking about them now. In Episode #104 of the “Capitalist Investor” Mark “Johnny Lawrence -- Cobra Kai” Tepper, Derek “Diamond Hands D” Gabrielsen and “Cool Hand” Luke Lloyd take care of the hottest current events for you including the Omicron variant, Powell’s hawkish turn, and Black Friday trends. 

Outline of this Episode 

• [02:39] Omicron and impulsive reactions 
• [06:30] Variants aren't a threat to the market –– an economic shutdown is 
• [11:10] Jay Powell must have heard last week’s episode 
• [17:10] The inflation crisis is about long-term gain, not short-term pain 
• [19:45] People are still spending but Black Friday has changed