Understanding tech vs. growth could make you massive gains in this market

Wall Street Unplugged - What's Really Moving These Markets

Frank Curzio

Commodities, Investments, Economics, Trading, News, Stocks, Oil, Uranium, Business News, Crypto, Investing, Crisis, Business, Gold, Industry, Debt, Macroeconomics, Talk, Research, Personal, Geopolitics, Curzio, Finance, Tokens

4.6 • 1.1K Ratings

🗓️ 23 March 2022

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Federal Reserve is driving me crazy… A week after raising interest rates for the first time since 2018 by a measly 0.25%. Fed Chair Jerome Powell is trying to sound tough on inflation. But Daniel offers a different perspective… [0:35] The Fed needs to get its act together right away. I explain what it must do to keep inflation from getting completely out of hand. [7:40] Large-cap China stocks have rallied hard off their lows over the last week. Daniel highlights what’s behind the move… and why it’s a great trading opportunity. [9:25] Next, we review a Bloomberg article on how to deal with inflation—and poke fun at some of the truly ridiculous suggestions—like getting rid of your pets. [12:10] Nike (NKE) reported solid earrings this week, displaying its pricing power amid rising costs. But I still wouldn’t buy this stock right now. I explain why the difference between growth stocks and tech stocks is key to making big gains in this market… tell you about a few tech stocks I’m watching right now… and one sector I’m particularly bullish on as rates rise. [21:10] Big news in the world of crypto: Goldman Sachs (GS) recently made a first-of-its-kind Bitcoin trade with the help of Galaxy Digital (BRPHF) (one of our portfolio assets). Daniel shares why this is a major event… and why he’s bullish on all parties involved. [26:30] Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox every Wednesday: 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 media
0:06.9	to bring you unscripted interviews and breaking commentary direct from Wall Street, right
0:11.6	to you on mainstream.
0:12.6	I don't know if it's Wednesday, March 23rd, I don't think it's just the Wall Street Unplug
0:20.6	podcast where I break the headlines and, duh, guys know the rest, tell you what's really
0:27.7	move in these markets, bring in Daniel, not going to give you too many compliments this
0:33.9	time, I do that enough on past weeks, what's going on, buddy, is everything?
0:36.9	I'm well, Frank, how are you, sir?
0:38.6	Hang in there, hanging in there, keeping busy, you know, markets,
0:42.6	all over the place, at least a little positive past week or so.
0:45.4	Yep.
0:46.4	And I want to start by going over Powell's comments, which are interesting, which came out
0:49.4	Monday.
0:50.4	By the way, it testified on Wednesday, right?
0:51.4	Told us everything about markets and the economy and how it's specced interest rates
0:55.5	and it was cool.
0:56.5	I guess we've seen a double issue and only 25% rate hike expected.
1:00.0	But now we came out on Monday and said a 50 basis point cut is now expected next meeting,
1:04.1	the meeting after, depending on what's going on, but it was like more of a tightening or
1:09.0	bearish tone and that wasn't priced into the market there because Goldman came out
1:14.4	immediately after it said, okay, you know, we have to adjust our estimates and now we're
1:18.3	expecting a 50 basis point cut at the next meeting and a 50 base, I'm not a cut 50
	...

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