Current market conditions are a recipe for disaster

I start things off this week with some advice to you all: Don’t ever build a house! I share a light-hearted rant about my family's current struggles… and why they’re good problems to have. Earnings season is about 75% over… and honestly, it's been terrible. I break down some numbers that show why the headlines about “beating earnings” aren’t nearly as positive as they sound… why the next few quarters are going to be ugly… and why Wall Street’s expectations are ridiculously high. Put simply, the current market conditions are a recipe for disaster. Next, Ford CEO Jim Farley is getting credit for his “honesty” about the headwinds his company is facing. I explain why this media narrative is wrong… how Ford’s management has been screwing up for a long time… and why its stock should be trading much lower. Gold miner Newmont Corp (NEM) just announced a bid to acquire Australian gold company Newcrest Mining. I highlight the impact the deal would have on NEM… what it says about the current environment for gold miners… which group of gold stocks is in big trouble... and whether I’d buy NEM here.  In this episode  Don’t ever build a house! [00:30] This earnings season has been terrible [7:05] Why the current market is a recipe for disaster [9:55] Ford should be down a lot more after its awful results [10:30] Is NEM a buy right here? [12:55] Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox every Tuesday, Wednesday, and Thursday: https://www.curzioresearch.com/wall-street-unplugged/ Wall Street Unplugged podcast is available at: --: https://itunes.apple.com/us/podcast/wall-street-unplugged-frank/ -- : https://www.stitcher.com/podcast/curzio-research/wall-street-unplugged-2 -- : https://www.curzioresearch.com/category/podcast/wall-street-unplugged/   : https://twitter.com/frankcurzio :. https://www.facebook.com/CurzioResearch/ : https://www.linkedin.com/in/frank-curzio-690561a7/ :