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The Economy Is In Trouble - Here's Why | Peter Grandich
The Fed has paused interest rate hikes. However, the stock market is not going to skyrocket, says Peter Grandich of Peter Grandich & Co. He expects stocks to sideways trade. Gold, on the other hand, he is optimistic about. While it is sideways trading right now, he expects a meaningful move within a few weeks. Junior resource stocks are more depressed than they've ever been in 40-years, which may signal a unique opportunity in the sector, he says.
Peter Grandich & Co: https://petergrandich.com
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INTERVIEW TIMELINE:
0:00 Intro
1:52 Fed pause
4:05 Gold price
6:35 Junior resource sector
14:08 Fed pause
19:05 Stock market
22:43 Inflation
25:00 Spiritual preparedness
31:05 Miles Franklin
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