Is The Next Great Depression Coming? (ft. Bulwark Capital)
Chicks on The Right - Conservative Politics & Culture Commentary
Radio America
4.7 • 2.4K Ratings
🗓️ 23 July 2023
⏱️ 19 minutes
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| 0:00.0 | We are back with our friend Zach Abraham Chief Investment Officer at Bullwork Capital |
| 0:10.5 | Management and Zach is always great at kind of giving us the rundown of what's going |
| 0:14.6 | on in the markets, in the world of finance, and helping us kind of prepare and plan |
| 0:20.7 | best for our future retirements and just kind of knowing what's going on. |
| 0:24.8 | So Zach, what is up right now? |
| 0:28.2 | You know, we were kind of talking about this off air and it's probably more interesting |
| 0:34.9 | to me than it is to most people. |
| 0:39.4 | What I do for a living, right? |
| 0:41.0 | But what you're seeing right now is really, to me it's fascinating, meaning I think there's |
| 0:48.4 | a lot of people out there that realize the market's gone up when I think stock markets |
| 0:51.4 | up 16.5% or something like that this year. |
| 0:55.3 | We've done some homework on it and what we're seeing right now legitimately has never |
| 1:01.7 | occurred before. |
| 1:02.7 | Okay, so when I say that, what am I talking about? |
| 1:07.0 | In over a six month period of time, you have never seen a stock market rally of double |
| 1:11.4 | digits like this in an environment where earnings and profits or earnings and revenues are |
| 1:17.2 | going down. |
| 1:18.2 | So profit and revenue is going down across the S&P 500 at the same time interest rates |
| 1:23.9 | are going up. |
| 1:25.1 | So and people are like, well, you know, they're not as fascinated by that as I am, but what |
| 1:29.6 | do you mean? |
| 1:30.6 | Why is that such a big deal? |
... |
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