(7/27/23) An overview of the current earnings reporting reveals profit margins have declined to pre-pandemic levels. Markets' flat response to Jerome Powell post-FOMC meeting presser The effects of shrinkflation are beginning to fade; no 2% inflation expected until late 2025. Will rate cuts return by then? Markets don't have a friendly Fed; a huge concern for impact of the Lag Effect; still possible for yet another rate increase of .25 to .50% by September. Market expectations vs Consumer Sentiment: Could there still be a "soft" landing? Is 3% inflation good enough? Powell says drop in headline inflation will encourage consumers--counter-productive for flagging inflation. Core Inflation is a better gauge of economic reality. Still no Recession? Why Chipotle is the world's most expensive burrito, and a good mid-level economic indicator. Why Technical Analysis is not voodoo; Recession still coming: 6-mos from now or late 2025? The Lag Effect Factor; the fallacy of MMT has come to pass. SEG-1: Mega Cap Earnings Review SEG-2: Was This the Last Fed Rate Hike? SEG-3: Falling Headline Inflation Works Counter-Intuitively Against the Fed SEG-4: The World's Most Expensive Burrito   Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO, w Senior Financial Advisor Danny Ratliff, CFP Produced by Brent Clanton, Executive Producer -------- Watch today's show,  on our YouTube channel:   https://www.youtube.com/watch?v=tqRA0UPAUPc&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=45s -------- The latest installment of our new feature, Before the Bell, "Dow Winning Streak Keeps Going" is here:  https://www.youtube.com/watch?v=Ppk8LAZyLus&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Our previous show is here: "Is This the Last Rate Hike?" https://www.youtube.com/watch?v=FgjXnLjDtQA&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=5s -------- Articles mentioned in today's show: “Beating Estimates” – How Companies Win In Earnings Season https://realinvestmentadvice.com/beating-estimates-how-companies-win-in-earnings-season Economic Cycle Set To Improve But Are Bulls Too Bullish? https://realinvestmentadvice.com/newsletter/ ------- Get more info & commentary:  https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #FederalReserve #InterestRates #RateHike #EarningsSeason #MegaCap #Estimates #Inflation #ChipotleIndicator #Markets #Money #Investing