Sam Bankman-Fried’s arrest is a huge moment for crypto

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

🗓️ 13 December 2022

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

Frank is attending his daughter’s Christmas play (yes, midday on a Tuesday), leaving me, Daniel, behind the mic. Stocks are in rally mode following this morning’s lower-than-expected Consumer Price Index (CPI) data. I share the factors behind the market’s optimism (but why investors shouldn’t count their chickens just yet)… how to take advantage of the rally… and what to expect from tomorrow's Fed meeting. Cryptos are also rallying—with Bitcoin nearing the $18,000 mark—following the arrest of former FTX CEO Sam Bankman-Fried. I explain why SBF should be in jail… why the fallout from the FTX collapse isn’t over yet… and why SBF’s arrest is great news for the crypto space. In this episode: Markets are rallying… but don’t count your chickens yet [1:20] What to expect from tomorrow’s Fed meeting [4:20] Why Sam Bankman-Fried should be in jail [6:30] Why SBF’s arrest is great for crypto [17:40] 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/ :

Transcript

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0:00.0	Wall Street Unplug looks beyond the regular headlines, heard on mainstream financial
0:06.4	media to bring you unscripted interviews and breaking commentary direct from Wall Street
0:11.5	right to you on Main Street.
0:13.2	It's Tuesday, December 13th, and it's great to be with you on the Wall Street Unplug
0:21.6	podcast.
0:22.9	I am your guest host, your fill-in host, your transitory host, Daniel Creech, research
0:28.7	analyst here at Curzio Research.
0:30.5	Yes, I'm the one that works alongside four behind and with the one and only Frank Curzio.
0:37.1	Who, if he were here today, would tell you that his absence is because nobody works in
0:42.8	Florida, nobody has anything to do, no schedules to keep.
0:48.2	It's Christmas time.
0:50.2	You know what would be a great time for a wonderful holiday play.
0:54.2	Let's call it mid-morning on a weekday, particularly Tuesday.
0:58.3	No, Frank is spreading the Christmas joy or partaking in it, watching a Christmas play
1:04.2	for one of his young daughters.
1:06.4	He will be back.
1:07.8	No worries, everybody.
1:08.8	He will be back in the office this afternoon and be back behind the microphone tomorrow
1:13.9	for our typical headlines and back and forth for Wednesday.
1:17.9	So today you're stuck with me and I want to talk about two major things and I'm going
1:20.7	to ask you to do a major favor.
1:22.3	I want you to go to your iTunes or Pandora, Spotify, whatever it is you use and I want
	...

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