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
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