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Wall Street Unplugged - What's Really Moving These Markets

Why you should be buying China on this pullback

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

🗓️ 21 September 2021

⏱️ 38 minutes

🧾️ Download transcript

Summary

What a wild week so far—and it’s only Tuesday… Yesterday, we saw stocks drop 2%, leading the way for everything else—gold, bitcoin, you name it—to sell off as well. [0:34] You’ve probably heard by now that Evergrande—a Chinese real estate company and one of the biggest property developers in the world—is crumbling… But this shouldn’t be surprising: Recent events have foreshadowed the juggernaut’s demise. The bigger question on everyone’s mind: Will this pose a systemic risk to the world economy? [2:24] Meanwhile, the volatility caused by Evergrande has brought the bears out of hiding... Now they’re roaring about further downside risk. [10:39] Some are even comparing Evergrande to the financial crisis of 2008-2009… I give my take on this comparison… how I believe the Chinese government will choose to handle the situation… and what the biggest risk to the market is (hint: it’s not Evergrande). [17:40] As the situation plays out, I explain why I’m not selling Chinese stocks… In fact, I’m looking to add exposure to China on this pullback. [23:15] Finally, I point out the biggest risk to the crypto space... [31:31] 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

The 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.

0:13.5

This is going out there, it's September 21st, I'm trying to encourage you to host the

0:20.1

Wall Street Unplug podcast where I break that headlines and tell you what's really moving

0:27.6

in these markets, speaking of the markets, nothing really going on this week, right?

0:33.8

Pretty slow, boring, other than stocks getting crushed yesterday.

0:40.0

At least from the headlines, it says it got crushed.

0:43.6

It now fell 700 points, very big number, but it went around 2%.

0:46.9

Let me win that.

0:47.9

Nas X Mallcaps fell a little more, you get Bitcoin down 10%, everything getting crushed

0:53.2

across the board.

0:54.2

Even gold fell a little bit.

0:56.2

It shouldn't surprising, gold goes down when the market goes down, goes down when the

0:58.6

market goes up, goes down when interest rates go higher, goes lower, seems like gold goes

1:01.7

down no matter what or just stays the same.

1:03.5

I think that's going to change.

1:04.8

I mean, you're right into the same thing, look what that is.

1:07.3

But everything, right, everything went down on Monday, no safe havens there.

1:15.6

And why this happened a lot of things, right?

1:17.8

Mostly fears of inflation, supply chain concerns as the delays were accelerating, consumer

1:22.7

spending is topping out now that we're not handing more and more money to people.

...

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