4.6 • 1.1K Ratings
🗓️ 16 March 2022
⏱️ 45 minutes
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0:00.0 | Wall Street Unplug looks beyond the regular headlines heard on mainstream financial media to bring you unscripted interviews and breaking commentary direct from Wall Street right to you on mainstream. |
0:16.0 | How's it going out there? It's March 16th. I'm trying to encourage you to use the Wall Street Unplug podcast where I break down the headlines and you know the rest. |
0:26.0 | Tell you what's really moving these markets. |
0:30.0 | So today's the day I bring in my buddy the awesomeness perfect person in the world. |
0:36.0 | Always like building up Daniel Creech senior research channels where we break down the markets lot, lot, lot going on a lot going on today especially right with not just a fed but China stocks and move in you seeing. |
0:46.0 | Yeah, Russia stocks move what we could do here going to break down all the topics a lot of great news. Daniel what's going on man is everything happy Wednesday. Hello everybody. That's another great day on a million island all that's raining today but. |
0:56.0 | Yeah, raining past couple days. No, it's good. Yeah, we've had a couple of busy weeks. Yeah, we can we can start anywhere today. It's it's a good one. Yeah, I know, I know you just remember when you're doing this and you have your own podcasts. |
1:06.0 | Yeah, the person like I'm I'm building you up giving that confidence and stuff. Just remember that. You got to pass that on going to pass that on whether you're lying or not you're going to pass. |
1:16.0 | I go from foreshadowing to the reality of it. All right, Daniel Creech. He's not that given analyst but everyone else to fill in today and here he is. How you doing, buddy? Wonderful. Wonderful. |
1:26.0 | Oh, but you know that's not the case and that's awesome. So so let's let's talk about, you know, the big news, which is the Fed right there expect to raise rates. They said they're going to raise raise 25 basis points when they testify Congress last week, but you know, we kind of all know that I don't think that's that's just going to be changed to that even though I think they should be raising a lot, lot faster. |
1:46.0 | But the question is, are they going to be dovish or hawkish, which I think is funny. I'll tell you why in a minute and dovish by the way, guys is saying that, you know, if it's not going to aggressively raise rates and there's lots of concerns at Russia, we're going to take our time or tight needs. I hate, you know, we're going to aggressively raise rates, which they said November, holy shit, we're behind the curve. It's not transitory and all that. |
2:04.0 | So that's what we're going to find out with the markets later today. So when you listen to this, everything we say, we could look great or like idiots, but I like actually, you know, throwing it out there and tell you our opinions before stuff happens, right. This way we could talk tomorrow about it or whatever and a lot of people like to talk about afterwards. I know the Fed was going to do this or whatever, but let's see, let's try to predict what the Fed's going to do, which you're going to know when you're listening to this, because when taping this in the afternoon, they're going to come on probably a couple of hours or so and let you know. |
2:30.5 | Daniel, what do you think here? What do you expect it from the Fed? |
2:33.8 | Yeah, two o'clock PM Eastern time and then 230 is Chairman Powell's Q&A and or update or whatever. I think I'm going to give you two answers. I think what they should do is, and you know, we like to talk about these and those stuff out a couple of weeks ago. |
2:49.8 | We were thinking that that it was leaning towards a 50 basis point. Then he comes out and basically says during testimony that they're going to do 25 today. So anything outside of that would be a real shocker. |
2:58.2 | I don't think he's going to do that. So I think the 25 is in there. I think they should announce that since he's trying to foreshadow and land this giant economy and a soft landing for their silliness. |
3:11.6 | They should hint at a 50 50 basis points 0.50 rate hike in the next meeting, which is April. Frank, I think it's April and then June or July. I think that that's what they should do. I don't think they're going to do that. |
3:27.8 | But I think I think oil has the price of oil skyrocketing and now coming down. I think it's given them a lot of leeway and just so everybody knows we don't need to get into this right now, but I come from a perspective of |
3:38.6 | these people in the room, the smartest people in the room. I don't think their intent is to fix it. I think their intent is to kick the can down the road. So my point is is that |
3:47.2 | Taming inflation is a lot better than curing inflation from a policy standpoint in my humble opinion. So I think they should signal a 50 basis point, raise highs the next meeting. I don't think that they're going to do that because of the price of oil and the volatility there gives them some leeway to just kind of continue on down the road. |
4:04.0 | I think the physical complete joke. |
4:06.2 | I agree with that. I think this is hilarious. I think that's that's conversation that I'm seeing even with the people on, you know, CBC now great analysts on there. A lot of people that |
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