This week on Street Check, Chris and Brad talk SpaceX and Tesla (TSLA), the ceasefire-driven rally in the markets, this week’s inflation figures, and space-related stocks having a moment. Then Mish Schneider of MarketGauge joins to discuss the possibility of a multi-year top in stocks, a weakening consumer, stocks and sectors she’s watching now, cryptocurrency, her Economic Modern Family thesis for the market, and the one ETF that will tell you where we head next. For more from Mish, visit MarketGauge.com or check out The Economic Modern Family YouTube channel, and to learn more about the offer mentioned in this week’s episode, visit cabotwealth.com/street.

Buy Ideas for the Current Market, with Mish Schneider | Cabot Street Check

Cabot Street Check

# Full Transcript

**Podcast:** Cabot Street Check

## Transcript

I'm Chris Preston. I'm Brad Zimmerman. Welcome to Street Check, the best two-person podcast in the history of Cabot Wealth Network, which has been delivering investment advice for more than 55 years. Brad, condolences. Your alma mater did not win the national championship in basketball last week. Like I thought they might. Congrats to Michigan, which is actually my mother-in-law's alma mater.

But your mother-in-law who you famously love very, very much. We've talked about that on this podcast. Yeah. It was a good run. It would have been nice if they didn't get embarrassed and just got blown out of the arena. And yeah. But I. Final four is still an accomplishment. Yeah. I mean, I guess when you're undefeated for the majority of the season and like a consensus, number one, and then he's two rough losses.

You finish number two, like not winning the national championship falls a little bit shy of that. But. Cool. I like. I don't know. They just that last game just left a bad taste in my mouth. Yeah. Yeah. It wasn't close. So you're not of the everyone deserves a trophy generation. You must be. We must be of the same generation then. What is that? Generation is that? That's not millennial. That's. No.

That's what they say is true about millennials, but it's not like we were asking for participation trophies. They were foisted upon us. Right. I don't have. I mean, like you can look at my office. I don't have. There's no participation trophies on these walls. Yeah. If there were, we'd have. How many episodes are we now? Like 150 episodes? Something like that. Something like that. Yeah. Which is better than this podcast every week. By the way, it is Friday, April 10th. The timestamp it a little before 11 a.m. Eastern. Much earlier for Brad.

Brad, tell people if you're awake enough, tell people what we're going to talk about today. We're going to talk about the market rebound fueled by the ceasefire. Talk about CPI and inflation data that came out this morning. And then there's a little bit of PCE data that came out earlier this week. We will talk about space stocks having a little bit of a moment. And then Ms. Schneider of Market Gauge, who is a guest that you may remember. We've had her on previously.

She's going to join us and she's going to do a deep dive into the market with us. But first, as always, is our Defend the Take. And Brad, you're up this week. And your take, for which you have 90 seconds to defend, is that the SpaceX IPO could trigger a Tesla re-rate. You have 90 seconds. Go. Okay. So we have talked before. I have made abundantly clear that Tesla is overvalued.

People buy Tesla for exposure to Elon Musk and to the promises that Musk makes and the developments. And if you valued it like a car company, it'd be worth like 10% of what it's worth now. Right? Like there is one analyst. If you look at like Yahoo Finance for analyst price targets, there's one guy that keeps a...

Buy Ideas for the Current Market, with Mish Schneider | Cabot Street Check

Transcript

Built for investment professionals

Every day you wait, your competitors are finding
edge in conversations you're not hearing.

Buy Ideas for the Current Market, with Mish Schneider | Cabot Street Check

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.