Listen: George Perks, Montgomery Scott And Justin discussed on Marketplace
"So. Yeah. But what gives we asked? Marketplace's Justin home to explain the contradictions you're not crazy. If trying to make sense of this stuff makes your head hurt into general thing that humans do to get their hands around. Big complex sets of information. We put a story to it. George perks. Epa spoke investment group says a lot of times the story doesn't make any sense. You're not always going to see exactly the same read on a given month from two different data sources for one month to month data. Just isn't that reliable political headlines can shift there can be weather problems? But Mark at Janney, Montgomery Scott says don't forget, these reports are often revised the next month when the new report comes out, perhaps the number in the new report not only looks better, but there was a revision upward to the previous numbers. That's why most economists say they prefer looking at long term trends rather than monthly figures. You know, when I used to work on Wall Street, we would always joke that, you know, wouldn't it be great if they just got rid of the monthly data and only put out that on a quarterly basis? That's true. Madison metlife. He says, there's another problem. The data we collect is a little old fashioned think about it industrial production numbers. Durable goods orders inventories. Most of our data collections geared towards manufacturing and we've turned into a service sector, economy, Mana says the labor market is a much better measure of how the economy's doing in lately. The labor market's been pretty strong. A factor that's propped up consumer sentiment another one even though we always say the stock market isn't the economy. George perks bespoke investment group says it has been a pretty positive influence on the stock market's performing well as it has, you know, she one in most of this year, then consumers are generally gonna feel pretty positive about things perk, says, as long as markets don't take or something, big, shocks, the entire economy, retail spending should pick up again soon."