Evercore's Hyman Says June Jobs Report Was 'Goldilocks'

The video discusses the current economic conditions, highlighting the unexpected coexistence of high employment and low inflation. It explores the Federal Reserve's relaxed stance due to the lack of wage-driven inflation and predicts potential future inflation. The discussion also covers the implications for the stock market, noting the slowdown in average hourly earnings and its impact on the bull market. The overall tone suggests a 'Goldilocks' economy, where conditions are neither too hot nor too cold, benefiting the markets.

What is meant by a 'Goldilocks' economy?

• An economy with rapid growth and high inflation

• An economy with low inflation and high unemployment

• An economy with balanced conditions, neither too hot nor too cold

• An economy with high inflation and low employment

Why might the Federal Reserve choose to continue tightening monetary policy?

• Because there is significant inflation in wages

• Due to the high number of available jobs

• Due to a decrease in job availability

• Because inflation is widespread in the economy

What is a key factor that could lead to future inflation according to the discussion?

• Increase in average hourly earnings

• Decrease in job availability

• High levels of current inflation

• Reduction in market demand

How does the current economic condition affect the bull market in stocks?

• It creates a stable environment with low inflation

• It leads to a rapid decline in stock prices

• It causes high volatility in the stock market

• It results in increased inflation and stock prices

What is the current trend in average hourly earnings?

• They have slowed down significantly

• They are decreasing

• They have remained stable

• They are increasing rapidly