Hello for the world capitals hope you are well so the stock market ripping higher going to all time

highs after the Fed cut an unbelievable 50 basis points yesterday when a lot of market participants were expecting 25.

And what's very odd is yesterday the market actually went down. It closed down on the day even

though we got the 50 basis point cut instead of the 25 but today we see the exact opposite

which makes us ask a lot of questions now is the market predicting that inflation is going to take off just like it did in the 1970s

because the argument there is that the economy is booming the economy is running on all eight cylinders.

Look, the unemployment rate is historically low at 4.2%.

Look at corporate earnings. Look at all of these indicators telling you, I mean the stock market for

every and six is at all-time highs. And look at gold. Gold is ripping higher on the

news. So this obviously means that the Fed should not have cut rates and

definitely should not have cut rates by 50 basis points. They cut too much. They cut into a booming economy and therefore

since they're going to keep cutting according to the dot plot then stocks were

going to rip higher because we've got a Fed that's cutting rates

while at the same time the economy is booming and we all know what that means. That means

stocks go higher and higher and higher. The only time stocks go lower is if we're going

into a recession and everybody knows that there's no way that we're going into a recession and then on top of that you have the long

into the curve going up which is saying exactly what gold saying and that's the

the Fed maybe shouldn't have even cut at all but they definitely should not have cut by 50 basis points that's just way way way way way too much and they're likely going to trigger the next round of inflation just like they did back in the 1970s.

Jerome Powell is going to be the next Arthur Burns.

This is the argument.

All right, so let's dive into this argument a little bit further. And then let's

actually compare what gold has done in the past when we go into a fed rate hiking and then cutting cycle.

...