The best and worst of CES 2022

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

🗓️ 11 January 2022

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

What a great and busy start to the year… I just returned from the 2022 Consumer Electronics Show (CES 2022)... and today, I’ll highlight the best and worst companies that showcased at the event. [0:30] But first, Goldman Sachs just increased its prediction for the number of interest rate hikes we’ll see this year as the Federal Reserve attempts to control inflation… I pound the table on why inflation is the biggest risk to the markets today… the single, painful solution I see for the Fed… and how to start protecting your portfolio NOW. [1:30] Cryptos are also seeing a lot of volatility, with Bitcoin dropping from $60,000 to around $40,000 over the past month or so. I explain why the pullback is creating a great buying opportunity. [7:50] Turning to CES, while Omicron had an obvious impact on the number of attendees (several companies ended up canceling last-minute)... there were still plenty of amazing products being showcased—like BMW’s new electric vehicle (EV), which I got to test-drive. [9:20] One of the biggest themes of the event was the “metaverse.” While the whole concept is still somewhat ambiguous… the biggest companies—including Apple, Google, Facebook, and Microsoft—are already making big moves into the trend. [20:00] But two companies really stole the show… and I believe one device in particular will become my personal favorite product of the year. [25:50] Finally, a new cross-industry alliance is a huge deal for the smart home trend. [29:20] Check out our , , and the for all of my deep-dive updates from this year’s event. 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
0:06.4	media to bring you unscripted interviews and breaking commentary direct from Wall Street
0:11.4	right to you on Main Street.
0:12.9	As going out there, hopefully you enjoyed the new year's January 11th.
0:19.2	I'm Frank Curzio of the Wall Street Unplug Podcast where I break down headlines AND
0:24.0	I'll tell you what's really moving these markets, so what a week was it the third I left
0:34.3	for the CES last Monday, about six days, come back, markets down like every single day,
0:41.9	especially in NASDAQ, which is mostly high growth technology companies.
0:49.0	And make no mistake.
0:50.0	I mean, this downfall is due to one thing, one specific thing.
0:53.2	And that is inflation.
0:55.2	And this is something we've been pounding the table on for a long time, saying how it's
1:00.4	not going to be transitory, but you're looking at this as a whole and seeing how the Fed
1:07.2	is laid to the party.
1:08.2	I mean, just make no mistake, inflation is here and it's not going away anytime soon.
1:12.8	And this is one of the things I was worried about.
1:15.7	It's why the Fed did a 180 in November, which the Fed never really does, right?
1:19.4	They usually explain months ahead what they're going to do.
1:22.2	They don't just go out there and do something crazy, and they did it in November, surprised
1:25.4	the markets.
1:26.4	So he's going to raise rates soon and expect it and stop buying bonds.
1:31.2	It's why Goldman at the writing his forecast just three weeks ago of three rate hikes this
	...

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