Said on Jun 6, 2025, at 9:36 in the video.
“But long-term, I wouldn't expect this to have any meaningful consequences. And it doesn't really change anything about the market fundamentals.”The direction of this call could not be determined with confidence, so it is held out of the score.
SPY closing prices, adjusted for splits. The shaded span is the one-year window: it starts at the first close after the video went public and ends at the last close on or before one year after the day the video was published.
The direction of this call could not be determined with confidence, so it is held out of the score.
be much better off if we didn't have so much political back and forth. Of course, I get it. The counterargument to this is that this allows everything to be aired out in the open publicly so that all of us could see exactly what's happening in real time and then come to a decision ourselves. Although in terms of how this impacts you, here's the honest truth. Short-term, I would expect to see a lot more volatility. Flat out, investors hate this type of uncertainty. So, I wouldn't be surprised if we see more market turmoil. But long-term, I wouldn't expect this to have any meaningful consequences. And it doesn't really change anything about the market fundamentals. Like, sure, not passing the new tax bill will most likely have a bit of a drag on the economy, but let's also be real. A new tax plan is most likely going to pass, and there will be spending increases because Congress loves to spend money. It is wildly unpopular to cut spending or raise taxes. So, the only thing left to do at this point is just to print more money. Is this a problem for the national debt? Yes, absolutely. But is it a problem right now, this very second? Probably not. I hate to say it, but it seems like a lot
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Graham StephanSPYwill outperform
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“Historically, when the savings rate reaches an absolute low like this, the stock market tends to suffer in the years following. Now, I'm not saying that's a guarantee, but it's something at least worth considering.”
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