Stock Resilience 'Confounding,' Says BNY Mellon's Levine

The video discusses the resilience of the stock market in 2023 despite bond volatility. It highlights the disconnect between bond and stock markets, suggesting that the economy is less sensitive to rate hikes than expected. The discussion covers the potential for a recession due to Fed actions, the strength of the labor market, and risks in housing and commercial real estate. The speaker addresses criticisms of their pessimistic outlook and considers the possibility of economic resilience even with rising rates.

In what ways is the housing market showing signs of weakness, and what could this mean for the overall economy?

Discuss the impact of wage increases on the labor market and its potential effects on economic stability.