Bloomberg Audio Studios, podcasts, radio news.
Single best ideas maybe to get out of the triple everge all cash run and possibly participate in the equity market. That was a great theme today for us, and it'll be a theme. My own pet theory is June thirty, becons. That's the end of the second quarter, that's the end of the first half for so many and there's a lot of people going, Okay, what do I own? What do I want to see on paper? June thirty. There's a little bit of what we call window dressing out there.
Mona Mahajan is at Edward Jones. They have a century heritage across America of helping people get over the fear of being in the market. Here is Mona Mahajan on what she observes of this great bull market.
We recently read numbers that show the average SMP five hundred bull market lasts about five point six years. You're up about one hundred and ninety two percent in price appreciation. And keep in mind, even if you take out the last couple of really big ones, it's still four point three years and one hundred and twenty five percent. Where are we now? While we're about a year and a half since the low's in October twenty twenty two, and we're up about fifty percent. So could you argue that
there's still time on your side? Is there still price appreciation ahead of us? History would certainly argue that, And so if you haven't gotten in yet, don't fear that you've missed the big run. History tells us that you could have a couple more years to go. And certainly the backdrop that we're seeing currently with not only know the FED potentially cutting rate inflation bumpy path, but maybe
bumpy path lower. And we're also seeing, yes, perhaps a cooling in the economy and the consumer, but certainly not a recessionary environment. So good backdrop history is on our side.
Monemahajen toward Jones also with us today, Barry Ritholts, he's been a little bit invisible because he's doing a new book, which is always timely. His book Out of the Crisis was really profound. Barry Redolts of course doing master's in business, and he is really looking at this market concentration story. He's stealing as much as he can from Sam Row. Samro Has. I think it's called a sub steck. I'm not even sure how he's doing it, but it's t
k the initials t k er t k er. Samro really really suggests a very cost effective subscription to that with a compendium of charts from Wall Street and Samro I really had six strong charts this weekend, which mister Ridholts brought up, suggesting here is how to find the courage to be in the equity market. Of course we don't give opinion on this, that's not our job, but by holds Cell sam Row doing some great work, and Barry Ridolts mentioning that thank you to Dana Tell for
being with us today as well. Definitive on American retail, we spent a lot of time on luxury Lewis Viuton lvm Ah, they're going to the Bulldoze. They're gorgeous skyscraper at fifty seventh and Fifth Avenue. I guess they're literally going to tear it down and build something new, and Dana was talking about how that's fresh for a luxury. Her single best buy for those looking for some way
to spend money today is TJX of Boston. Of course, the discount merchandisers who do Dana says, such a good job. Our job is to get outside London, get outside Wall Street, get outside Hong Kong and Tokyo. You can do that. With Ian Shepherdson, he's some Newcastle and it was absolutely fascinating to talk to him about the British election, and he was piercing on Brexit, really really profound on saying Brexit's had a profound effect, a negative effect on his
United Kingdom. Ian Shepperton and the economics of the moment.
We've had such a long period where inflation was very low and people got used to not thinking about the price of things because they didn't change very much for a decade. And so now this this price level shock, I think has really come and disorientated people in a way that will fade. I mean, prices went up a lot in the nineteen seventies, but we got over it. It just took a long time. It took a very
long time. I remember in the early nineties people telling me that the inflation in the seventies and eighties still wasn't probably beaten. You know, that was a long time after the shock. So you know, I don't think that Biden's going to be rescued by people just saying, okay, you know inflation is dwan, we're not bothered about the price level shock. I think that that's what I'll take A long time.
Ian Shepperton of Pantheon, I can't say enough about his work, very visible on LinkedIn as well, and I just think he has a twisted in different view which frankly I don't understand. Being from Newcastle. I'm told it's rough. It's like sort of like Philadelphia, Phillies based. Well, it's a different game and Newcastle. But Ian shepperd'son, they're very very good. We will go into the rest of the week in
this bull market. Who knows. I'm assuming we close green in the screen today, which maybe is a dangerous assumption, but nevertheless, in this extraordinary market, will continue to give you voices and coverage and just as importantly, not only a given voice, but the nuances and the change in their view programming note I learned today David Gura of The Big Take will give us debate coverage from Atlanta. Really looking forward to that. Out to June twenty seventh,
we're on Android playoffs. I was putting the time out here, the Google time out here today because I'm not talking about Android Play. Enough Android Play and an ample car play in your car, on your commute, safer and better, and on YouTube, we're absolutely thrilled. Search Bloomberg Podcasts and then subscribe to Bloomberg Podcasts for what we do on YouTube with a vigorous live check through the show. An ample podcasts single best idea