Goldman’s Oppenheimer Sees a Fed Cut, Then a Pause Through 2020

The video discusses Powell's outlook on rate cuts, predicting a pause after an initial cut due to a robust economy and stable inflation. It analyzes the US stock market rally, highlighting the role of a few companies in driving the S&P 500 and the broader earnings growth. The video also examines economic indicators like ISM and PMI, suggesting stabilization in weak manufacturing data and a potential market inflection point.

What does the term 'bottoming of the weak activity' refer to in the context of the economy?

How has the manufacturing data in Europe changed recently, and what does it indicate?