Fed's Rate Hike Impact: Recession & Market Crash Looming, says Todd Horwitz

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Todd 'Bubba' Horwitz, Chief Market Strategist at BubbaTrading.com, who predicts that the Federal Reserve will hike interest rates, leading to a U.S. economic recession and a 50-70% crash in U.S. equity markets (S&P 500). Despite the gloomy outlook, Horwitz identifies specific assets that he believes will outperform in the second half of the year. Watch as Horwitz discusses his outlook for gold, silver, platinum, the Fed's July meeting, inflation, and the new trend of U.S. presidential candidates pledging to back the U.S. dollar with assets like gold, silver, and Bitcoin. Don't miss this critical analysis of the market's future.

Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
Follow Todd 'Bubba' Horwitz on Twitter: @Bubba_Trading (https://twitter.com/Bubba_Trading)

00:00 - Intro
2:09 - Real inflation
4:52 - The Fed to hike above 6%
10:20 - The U.S. is already in a recession
15:54 - Markets facing a meltdown
20:11 - Chance the Fed hikes by 50bps in July
23:07 - Small businesses being harmed
28:59 - 2024 election: promises to back the U.S. dollar with hard assets
39:29 - Gold outlook
44:03 - Silver to rise above $30 in 2023
50:22 - Platinum is undervalued

#economy #Fed #macro #gold #silver #platinum

Vivek Ramaswamy: As President, I’d back the dollar by a basket of commodities including gold - https://www.youtube.com/watch?v=KYhchMwOga0
__________________________________________________________________
Kitco News is the gold standard in precious metals, commodities, cryptocurrencies, mining, and financial news.

SUBSCRIBE to our channel to stay up to date on the latest market and industry news.

For breaking news, views, charts, and data on precious metals, cryptocurrencies, and financial markets - visit us at https://www.kitco.com

To get market updates on the go, download the Kitco Gold Live! APP - https://applications.kitco.com

Stay connected:

Twitter - https://twitter.com/kitconewsnow
Instagram - https://www.instagram.com/kitconews
Facebook - https://www.facebook.com/KitcoNews
LinkedIn - https://www.linkedin.com/company/kitconews
StockTwits - https://stocktwits.com/kitconews

Live gold price and chart: https://www.kitco.com/gold-price-today-usa/
Live silver price and chart: https://www.kitco.com/Silver-price-today-USA/
Live crypto market data: https://www.kitco.com/price/crypto/

Learn more about Kitco News: https://www.kitco.com/news/about/

For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: www.kitco.com/advertising

Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.