When Fed Pivots, Markets to See ‘Dramatic’ Drop, Here’s Why & What’s Next For Gold, Bitcoin: Soloway
Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Gareth Soloway, Chief Market Strategist at VerifiedInvesting.com, who says that the U.S. stock market could see a “dramatic” drop once the Federal Reserve starts cutting rates. Soloway reacts to Fed Chair Jerome Powell’s latest comments. He warns of concerning signs in the U.S. banking sector, which is seeing big institutional players “unloading” the stocks of big banks. He shares the Black Swan event investors need to pay attention to. Soloway also gives his outlook on the Fed and the U.S. economy, sharing his price forecast for the U.S. stock market, gold, Bitcoin, and silver. He also breaks down the recent moves in Apple and Nvidia.
Credit to : Kitco NEWS