3.8 • 950 Ratings
🗓️ 7 May 2022
⏱️ 35 minutes
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0:00.0 | Welcome to the weekend bite presented by Wall Street Breakfast. I'm Daniel Snyder. |
0:04.0 | 50 basis points. The Fed is not actively considering a 75 point raise |
0:10.0 | and removal of liquidity is beginning June 1st. |
0:13.6 | And not to mention real estate is still on fire. |
0:15.9 | So we're breaking it down in today's episode. |
0:18.4 | But first, I'm excited to introduce Leslie Osman, |
0:22.2 | who will be helping us out on the program going forward. |
0:24.6 | Leslie welcome to the club. |
0:26.2 | Daniel, thank you for having me. I'm excited to be a part of the team. |
0:30.4 | Yeah, we're glad to have you here with us as well. So let's go ahead and get in with our first guest joining us today. David trainer, CEO of new constructs. David, I'd love to kick things off with just getting your reaction to the move by the Fed this week. |
0:45.0 | What are your thoughts on how this affects the market's moving forward? |
0:48.0 | I think the markets are very happy to know that Mr Powell is still very much a stock market guy. |
0:54.9 | He's going to make sure he does whatever he can |
0:57.1 | to keep the markets buoyant and not crash them |
1:00.8 | in some of the ways that his predecessors have. |
1:03.4 | And so I think we're seeing that relief rally on that front. |
1:08.4 | But I do think that there was a significant change in language that has sort of been overlooked |
1:12.3 | about how they are expeditiously going to be fighting inflation. |
1:16.3 | And I think that means despite some maybe a few bear market rallies, |
1:20.8 | we're going to see more of the same for the rest of 2022, which is these high growth, |
1:27.0 | no profit, and high valuation names are going to continue to get slaughtered as we're seeing with Shopify today. |
1:33.0 | Do you think that investors have a smoother path or will things continue to be volatile with |
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