'Nastiest storms coming'; Market wipeout is next, Gareth Soloway predicts winners and losers
Kitco News, Released on Released on 5/2/22
The U.S. Federal Reserve is expected to raise interest rates by 50 basis points at this week's meeting, and it's likely risk assets like tech stocks will head lower on the news, said Gareth Soloway, chief market strategist of InTheMoneyStocks.com. Soloway discusses his outlook for stocks, gold, silver, oil, and Bitcoin with David Lin, anchor for Kitco News.
0:00 - Stocks4:30 - Fed rate hike this week8:00 - NASDAQ collapse9:35 - Root causes of inflation13:10 - Higher interest rates15:48 - Ban on Russian oil19:24 - Gold, Silver24:30 - Bitcoin
Gareth Soloway is a professional trader. He is the President, CEO & Chief Market Strategist for InTheMoneyStocks.
'Nastiest storms coming'; Market wipeout is next, Gareth Soloway predicts winners and losers added by Herman James on 05/01/2022View all posts by Herman James ?+'