BS Summary: This video contains 25 faulty reasoning types, including Availability Heuristic, Representativeness Heuristic, and Composition/Division, with Post Hoc (False Cause) as the most egregious example at 45.5% saturation with 107 hits. Analysis detected 1,159 faulty-reasoning hits from 235 analyzed words, generating a BS Score of 96.5% and a BS Rank of 98% (468 of 16,813 videos). This video is worse (more manipulative) than 97.20% of the video peer group.
What we are seeing here is investors are really shug shrugging this up because
they are betting that the spike in gas prices which has sent the national average to $48 this morning will be temporary like it was when Russia invaded Ukraine back then it lasted about 4 to 6 months and that has sent the S&P 500 which is what's in most retirement accounts to those record highs after the big dip in March at the start of the war.
meantime, they keep forecasting higher and higher profits ahead as some consumers, and I want to emphasize this, some consumers are continuing to spend.
And that is really where we see the breakdown here.
If you got a tax refund, if you are watching your 401k sore, it feels all right. You're spending, but if you're one of the millions of Americans not invested, not getting that refund, you are really stretched. I see you.
Last week, one closely watched survey found that consumer sentiment fell to a record low and that was fueled in part by the rising inflation.
So even as stocks sore, many Americans don't feel upbeat about the economy.
As I often say, the stock market is not the economy.
>> Yeah, cuz most people don't have money in the market. That's right. Yeah.
>> All right. Thank you, Rebecca.
Appreciate that.
Analysis
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