A make-or-break moment for stocks

Wall Street Unplugged - What's Really Moving These Markets

Frank Curzio

Commodities, Investments, Economics, Trading, News, Stocks, Oil, Uranium, Business News, Crypto, Investing, Crisis, Business, Gold, Industry, Debt, Macroeconomics, Talk, Research, Personal, Geopolitics, Curzio, Finance, Tokens

4.6 • 1.1K Ratings

🗓️ 21 September 2022

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

By the time you see this, the Fed will have announced its latest interest rate increase… and Fed Chair Jerome Powell will have held his press conference. Daniel and I discuss what to expect from the market following Powell’s speech… the Fed’s big blind spot when it comes to inflation data... and why this meeting is a make-or-break moment for stocks. Next, Daniel highlights the impressive results from AutoZone (AZO)—and why good news for AZO is bad news for the economy. And I explain why banks—which typically benefit from higher rates—are suffering from the Fed’s actions. In this episode The inflation data the Fed is ignoring [4:00] Why today’s Fed meeting is a make-or-break moment for stocks[7:35] What AutoZone’s results say about the economy [15:00] How the Fed is hurting banks [22:25] Will we see a buying opportunity soon? [30:00] Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox every Wednesday: https://www.curzioresearch.com/wall-street-unplugged/ Wall Street Unplugged podcast is available at: --: https://itunes.apple.com/us/podcast/wall-street-unplugged-frank/ -- : https://www.stitcher.com/podcast/curzio-research/wall-street-unplugged-2 -- : https://www.curzioresearch.com/category/podcast/wall-street-unplugged/ : https://twitter.com/frankcurzio :. https://www.facebook.com/CurzioResearch/ : https://www.linkedin.com/in/frank-curzio-690561a7/ :

Transcript

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0:00.0	Wall Street Unplug looks beyond the regular headlines,
0:05.0	heard on mainstream financial media to bring you unscripted interviews
0:08.7	and breaking commentary direct from Wall Street, right to you on Main Street.
0:12.9	Let's go up here, it's Wednesday, September 21st.
0:19.1	I think there is just a washroom in Papakistan, break the headlines, and...
0:24.5	Tell you what's really moving these markets!
0:30.7	So it's Wednesday, Daniel Creech Day, but it's really Daniel Creech week
0:34.7	because he was on yesterday, and I'm pushing a Meers interview to next week,
0:38.4	since we have big Fed meeting coming up.
0:40.6	But time you're listening to this, you are going to know what the Fed did,
0:44.4	we're doing it before, which we like to guess on things, right, Daniel?
0:48.4	And see what's going to happen, and we look like idiots when people listen to this later,
0:51.6	and be like, what are you talking about?
0:52.8	That's right, it's our version of shaking the away ball.
0:55.7	Yeah, so just a couple of things, even the Fed is the biggest story here,
1:00.7	and it's two other news stories, say Biden said,
1:02.4	COVID pandemic is over, we think about that, Daniel.
1:04.8	I'm happy to hear that, that's great, and I read, I believe it was Bloomberg this morning,
1:08.5	that New York, a major city, I think, did the private mandate,
1:15.1	did away with the private mandate for the vaccine and things.
1:18.0	Oh, I don't even know.
1:18.8	I think that came across Bloomberg this morning, or any, anyway,
	...

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