Thank you. of the show, Zach Abraham, chief investment officer at Bulwark Capital Management, to come in and

weigh in on some important financial issues of the day.

And wow, as we record this podcast today, there's a lot of stuff going on and by the time we get

done with this recording the we got to talk first of all about Jerome Powell

earlier this week and interest rates you know this is a personal issue for me. I'm going to be doing a mortgage

later this year. You promised me, Zach, the interest rates were going to come down and then

we got Powell coming out and saying hold everything.

What are they coming down or what?

Oh well yeah so so that's not that's not really what he said. So what he said was he's not hiking at this

meeting but most importantly what he said is he still expected to cut three times

this year. Three times. Three times. Okay, so which would probably correlate and it's not, it's no exact science because the way they get to a 30year mortgage rate is pretty complicated, but I think in your mind you can sit there and go if they cut three times, which is 75 basis points, so that would take the Fed funds rate from 5 and a half to four seven five I would

think that that would drop a 30 year mortgage somewhere between 1% to 1.5

percent that's fine so that's fine yeah you yeah're a if we're sub six right that's it feels painful because we came from you know

to seven to is what my loss is totally and I just sold it and so we're going to be eating at a larger

interest rate as well. As a matter of fact, I think we just took an offer on

Monday. So but he so he promised the three rate cuts,

but in and of itself that is really historic,

okay, because he sat there and said,

we're gonna get rid of inflation over time and that we've made a lot of progress on inflation

okay well here's the deal inflation has been flat or up for the last eight months

yeah it's been up the last three months. How that qualifies as

making progress, I don't know. But remember when I remember when we were talking to

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