How Trump would’ve handled the Chinese ‘spy’ balloon

Wall Street Unplugged - What's Really Moving These Markets

Frank Curzio

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

4.5 • 1.1K Ratings

🗓️ 8 February 2023

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

A Chinese “spy” balloon was shot down in South Carolina over the weekend. Daniel and I joke about how Trump would have handled the situation. But on a more serious note, I’m concerned about the narrative around China—and how it gets a “free pass” thanks to its global trade influence. The stock market rallied following Fed Chair Jerome Powell’s dovish comments at the Economic Club of Washington yesterday. Daniel shares why the meeting’s vibe didn’t sit right with him… and I explain why the market would drop 10% if the Fed announced a rate cut. Next, we discuss billionaire Ron Baron’s recent interview on CNBC—including his investment philosophy… why he emphasizes people as well as ideas… and why he believes the market will return to 2021 levels by the end of next year. In this episode The drama over the Chinese “spy” balloon [1:00] Why China gets special treatment on the global stage [4:10] The disconnect between the Fed’s comments and the stock market [11:40] Will the market return to its 2021 highs by next year? [24:54] Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox every Tuesday, Wednesday, and Thursday: 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, 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 Mainstrum.
0:12.6	What's going on here in February 8th?
0:18.3	Okay, courage is the Wall Street Unplug Pockets, we're back to the headlines, and uh...
0:28.4	What's really moving these markets?
0:32.5	I feel like I'm saying this all the time, but Daniel Creechday, it feels like it's more
0:36.1	than one day a week for some reason, I don't know why, but what's going on, man, is
0:39.1	everything.
0:40.1	Right, just because there's so much fun, Frank, it's only one day a week, don't check
0:41.6	your calendar, it's okay.
0:42.6	Yeah.
0:43.6	It's a good, another beautiful day here, we actually, we have some fun stuff, actual news
0:47.4	going on, sometimes we're grasping its straws or revising things, but we got some action
0:52.1	going on this week, Frank, it's exciting, where would you like to start?
0:55.0	Uh, no, Ernie season's always cool, but I just, I think it's funny, right, why is
1:00.1	this balloon thing getting so much press?
1:02.6	Well, because we're on the verge of war, we're three, Frank, we're four.
1:07.6	But it's, I mean, it's floating around in our airspace, letting them float around
1:11.7	in our airspace, when I'm doing anything about it, I just think it's, you know, I don't
1:15.6	know if it's like an overreaction to all this, I guess, depending on what side of the
1:19.4	aisle you are, and you're going to think differently, I just, you know, I just thought it was
	...

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