S&P to crash 20% in 2023 as 'panic' sets in, Fed causes 'tremors' in banking system - Gareth Soloway
Kitco News, Released on 4/27/23
Gareth Soloway, Chief Market Strategist at InTheMoneyStocks.com and President of VerifiedInvestingEducation.com, joins Michelle Makori, Kitco's Editor-in-Chief and Lead Anchor, to discuss the U.S. economy and the latest GDP figures. Soloway discusses the market reaction, the next steps from the Fed, his concerns about a coming recession, the banking system and why he expects the S&P 500 to crash at least 25 percent in 2024. He also gives his forecasts for gold, Bitcoin, silver, and the U.S. dollar, which has faced growing threats from de-dollarization.
0:00 - Latest GDP report3:24 - Fed policy11:33 - Banking sector16:51 - Bitcoin21:01 - Precious metals24:47 - Geopolitical risks26:55 - De-dollarization33:16 - Emerging markets34:00 - Winning Trader Series
Gareth Soloway is a professional trader with over 20 years of experience and the President, CEO, & Chief Market Strategist for InTheMoneyStocks.
S&P to crash 20% in 2023 as 'panic' sets in, Fed causes 'tremors' in banking system - Gareth Soloway added by Herman James on 04/26/2023View all posts by Herman James ?+'