Election, Inflation, and Unfiltered Opinions with Kenny Polcari

Different economic theories and philosophies propose different roles for government intervention. Kenny Polcari, Founder/CEO of Kace Capital Advisors, is a seasoned market strategist with over 35 years at the New York Stock Exchanges (NYSE) who expresses concerns about government spending, regardless of the political party in power. He speculates about the 2024 presidential election and the possibility of different candidates emerging. He offers insights into the upcoming CPI data and the potential implications for the Federal Reserve's monetary policy decisions. He also discusses the oil market and the role of China as a significant buyer of oil, sharing statistics about China's recent oil purchases and expressing concerns about the Strategic Petroleum Reserve (SPR) and its low levels, questioning when it will be refilled. Kenny shares insights into the historical performance of gold, its relationship with inflation, and why it remains a valuable asset in uncertain times.