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The Fed will crash the economy if it doesn't change course

Season 1 Episode 936 Published 3 years, 11 months ago
Description

Stocks moved lower yesterday as investors worried about Fed Chair Jerome Powell's upcoming speech from Jackson Hole, Wyoming. I continue to pound the table on why the Fed is the biggest risk to the markets.

I highlight how the Fed has crushed a major sector just six months… and what possible actions would cause me to sell stocks. And while the Fed's plan to tame inflation is working, I explain how the shift in consumer behavior is hurting several industries. 

I'm back from the Crypto Connect & NFT Expo in West Palm Beach, Florida. I share some highlights from this incredible event… how retailers are pushing into the metaverse… and why billions are already pouring into the space.

In this episode [Aim for 5 bullets max]:

  • What caused yesterday's market selloff? [1:35]
  • The Fed crushed this market in six months [5:15]
  • Why the Fed is a threat to the markets [14:00]
  • A recap of the Crypto Connect & NFT Expo [26:55]
  • How individuals—not big tech—will control the metaverse [31:10] 

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