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Wall Street Unplugged - What's Really Moving These Markets

How to prepare for the Omicron circus

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

4.61.1K Ratings

🗓️ 30 November 2021

⏱️ 47 minutes

🧾️ Download transcript

Summary

So much for a relaxing Thanksgiving break… Markets sold off on news of the new COVID variant, Omicron, and volatility is soaring. I expect both the media and the government to overreact… But don’t worry: In today’s show, I lay out what you need to know—and do—in the coming weeks to prepare your portfolio. [0:30] While we still don’t know much about Omicron, countries around the world are already restricting travel. I highlight the dangers of governments reacting prematurely… what we currently know about the new variant… and how the narrative has changed around vaccines. [7:25] I also explain why the market selloff we’re seeing is illogical… and how the media and big business—especially Big Pharma—use fear to make profits. [13:00] But volatility leads to opportunities... Here’s what investors should be focused on as we prepare for the Omicron circus. [21:30] Fed Chair Jerome Powell testified on Capitol Hill today regarding the country’s economic outlook—including ongoing inflationary pressures. I break down the huge mistake the Fed continues to make… why inflation isn’t priced into this market… and why we need to be prepared for it to get much worse before it gets better. [31:40] Finally, I explain why Genia Turanova’s strategy is the perfect way to hedge today’s market risks—and why I personally follow it with my own money. [39:15] 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/ : https://www.curzioresearch.com

Transcript

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0:00.0

Wall Street Unplug looks beyond the regular headlines, heard on mainstream financial media

0:06.9

to bring you unscripted interviews and breaking commentary direct from Wall Street, right

0:11.6

to you on Main Street.

0:13.0

It's going out there, it's November 30th!

0:18.1

Now Frank Curzio is the Wall Street Unplug podcast where I break the headlines and tell

0:26.7

you what's really moving these markets!

0:28.4

Wow, last week was supposed to be relaxing!

0:36.0

Thanksgiving Turkey, most out of 4-day weekend, you hung out with your family, you ate

0:40.9

a ton, watched some football, probably argued with one of those family members that you

0:46.2

don't like, which is kind of normal.

0:49.6

You woke up late on Friday after stuffing your face with Turkey and you put on the news

0:54.4

and just realized, oh shit, the market's open today, I thought it was closed on Friday.

0:58.4

Then you take a closer look and every stock on the screen is down 10% plus, other than

1:05.1

some of the large caps, we said 3-4% declines in major indices and a lot of names got

1:09.4

smoked, a lot of names got smoked much, much worse.

1:14.9

So we wake up and we're like, what's going on?

1:19.8

And what is the news?

1:21.2

What's making the market go lower?

1:24.2

We're looking at a new variant called Omicron, which is spreading across Africa and starting

1:29.8

to show up in other countries.

1:32.0

And this really spooked the markets.

1:35.7

Now there's very little information on it other than the lead doctor in South Africa

...

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