Forward Guidance The Stock Market Will Melt-Up As Inflation Resurges | Harris Kupperman
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Apr 25, 2024 Financial market expert and investor Harris Kupperman discusses potential market scenarios in 2024, including bond sell-offs, Fed rate hikes, and opportunities in oil, gold, uranium. He also shares insights on gaining gold exposure, the A.I trade, and Bitcoin. The discussion covers various investment strategies and risks in a changing market landscape, including the impact of rising interest rates on banking and the economy.
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Fiscal Deficit and Inflation
- The US economy is strong due to a 7% fiscal deficit, but this fuels inflation.
- Bonds may reach 6-7%, causing a market crisis.
Interest Rate Predictions
- The Federal Reserve's dot plots predicted rate cuts, but the market expects fewer than initially projected.
- Harris Kupperman believes rates will rise, not fall, mirroring emerging market behavior.
Gold Investment
- Harris Kupperman, known for investing in hard assets, has significantly increased his gold allocation.
- Gold prices have surged past $2,000, a notable breakout.