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Wall Street Unplugged - What's Really Moving These Markets

The market’s absurd expectations for 2023 earnings

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

4.51.1K Ratings

🗓️ 7 December 2022

⏱️ 39 minutes

🧾️ Download transcript

Summary

The Fed is keeping quiet ahead of next week’s meeting… But its silence isn’t necessarily good news… On today’s show, Daniel and I discuss why the bear market rally is coming to an end… and how investor sentiment has changed from “buy the dips” to “sell the rips.” I explain why the market’s price-to-earnings ratio is worthless right now… why there’s zero chance next year’s earnings will meet current expectations… and why estimates need to come down at least 20% from here.  As a reminder, you can take advantage of the coming stock market decline with our special offer on Moneyflow Trader.  Goldman Sachs plans to invest tens of millions into the crypto space… as it looks to take advantage of this year’s brutal crypto crash. I share why this is great for the industry… what I think Goldman will invest in… and the incredible innovation happening in digital assets.  In this episode  Why the Fed is keeping quiet [0:30] Why next year’s earnings estimates are laughable [5:48]  How to get greedy as stocks crash [12:55] The market’s P/E ratio is worthless right now [21:15]  Goldman Sachs wants to go “bottom feeding” in crypto [28:35] Innovation is alive and well in digital assets [30:25] 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,

0:05.0

heard on mainstream financial media

0:07.0

to bring you unscripted interviews and breaking commentary

0:10.0

direct from Wall Street, right to you on Main Street.

0:16.0

How's it going up here? It's December 7th?

0:20.0

I'm very curious just to Wall Street Unplug.

0:21.0

Puckets were a big headlines and...

0:25.0

Tell you what's really moving these markets.

0:29.0

It's Daniel Creech Wednesdays.

0:33.0

Dang, what's new, man? What's going on?

0:35.0

Frank, what's happening? Happy Florida Wednesday.

0:37.0

Another great day on the island.

0:39.0

Another great day. Beautiful out. Nice.

0:41.0

I'm going to be charity golf tournament later this afternoon,

0:43.0

which would be pretty fun.

0:44.0

Raising funds for charity, that's nice.

0:46.0

Yeah, for students and kids and stuff like that,

0:48.0

it should be nice. I don't know if my golf game is going to be nice,

0:50.0

because I've been playing it been so busy,

0:52.0

but that's okay. We're playing Best Ball,

0:54.0

so I used to have did a couple of good shots.

0:55.0

That's right. It's all about the kids.

...

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