Office Hours is an hour long Zoom call we have on Friday’s from 2-3pm ET. The event is exclusive to Epsilon Theory members and is a great way to hear Ben’s thoughts on markets, politics, and current events. Every Monday I post a brief recap of the previous OH. This is not a transcription of the call and doesn’t cover everything. But it does outline the main conversations we had.
Before this was posted on the ET Forum, but we’re moving it to the front page so more people can see the recap and understand the opportunities of Office Hours.
These are the major topics and ideas we discussed during the 9/16/2022 Office Hours as well as some of the biggest takeaways. If you have something you want to add to the conversation, let us know in the comments and join us next time.
This Office Hours was very much centered around the markets. We started by talking about the railroad strike that almost was. So much of our economy still relies on railways that Ben was sure the White House would step in. Especially this close to the Midterm elections. When the strike didn’t happen, Ben was sure there’s be a “pop” in the markets. And it never came. So what gives? This question guided our discussion as we looked at inflation and the fiscal cliff.
A key takeaway from this conversation is that the narrative has shifted from levels to expectations. It’s no longer about if the market can reach certain levels, but if it’s better or worse than your expectations. The reality is less important than the common perception.
We’d love to hear your thoughts on these ideas and hope that you’ll join us next time. If you haven’t already, sign up to access the Forum and Office Hours.