Palisades Gold RadioGareth Soloway: Sky-High Unemployment Could Cause the Fed to Pivot
26min2022 JUL 7
詳細信息
Tom welcomes back Gareth Soloway, President, CEO & Chief Market Strategist for InTheMoneyStocks. Gareth discusses how institutions are often invested in the latest hot thing. They are now in oil, and we're likely to see further downside in oil. Funds are continually looking for the next thing to rotate into, and now we're back to tech stocks. Later in the cycle, we will get to a panic point. Sometimes being in cash is the best place. The bottom will be in when we reach the acceptance step of the grief stages. When everyone is frustrated with markets, you will recognize the bottom. We're currently hovering around the 2017 high for Bitcoin, and we will probably see 25k in a rebound. There are many similarities between crypto and the dot com bubble. We need to see 80-85% decline, as there are far too many other coins. When everyone is calling a bottom usually means we haven't reached that point yet. Gareth believes the Fed will change policy when unemployment rises significantly. The F...