Bill Beach on How Trump Just Politicized US Economic Data

Bullish:

• $DATAMOD - Investing in data modernization for the Bureau of Labor Statistics could improve accuracy of economic statistics and reduce political pressure, potentially benefiting companies involved in data modernization technologies.

  • “I think we would quickly be out of the problems that we are facing from a methodological standpoint, and that might then reduce the political pressure that we saw that was so evident on Friday.”

    Bill·17:34

Bearish:

• $LABORDATA - The credibility of labor statistics has been damaged due to the firing of the current BLS commissioner, which could create uncertainty and reduce trust in official data, potentially negatively impacting economic activity and policymaking.

  • “Well, I think there has been damage, and it will take time to recover from that damage.”

    Bill·18:26
• $SMALLBIZ - State and local governments, as well as small businesses, are facing reduced hiring capacity due to the expiration of COVID-era subsidies, suggesting economic headwinds for these sectors.

  • “State and local governments are not able to to hire at the levels they were going to hire at in previous years or did hire at in previous years because they did not have the subsidies that they had in previous years.”

    Bill·13:48