Frank is out of the office on a personal matter, leaving me—Daniel—behind the mic. Yesterday, the Fed hiked interest rates by 0.5%. During his followup Q&A, Fed Chair Jerome Powell said there are no plans to raise the inflation target from the current 2%. I explain why the markets sold off during his speech… why a surge in unemployment is inevitable… and why I believe Powell is outright lying (and will be forced to eat his words) about the Fed’s inflation target. In other news, the U.S. Senate Committee on Banking, Housing, and Urban Affairs held a hearing yesterday on the FTX collapse. One of its witnesses was Kevin O’Leary, the celebrity investor known as “Mr. Wonderful.” I recap the hearing… how O’Leary is acting as an FTX spokesperson… and the important factors he glossed over in his testimony. In this episode  I’m filling in for Frank again [0:30] Why the market sold off yesterday [5:00] Powell is lying about the Fed’s inflation target [8:20] Get ready for surging unemployment in 2023 [11:20] My beef with “Mr. Wonderful” [17:30] Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox every Wednesday: 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/ :

I’ve been getting some incredible emails from happy subscribers who are making 200–300% gains in a matter of days… And it’s all thanks to our best-performing product, Moneyflow Trader. While the market is foundering, editor Genia Turanova is averaging a winning trade every 26 days.  I want everyone to have the chance to benefit from Genia’s work… which is why, for a limited time, I’m offering this incredible product for 90% off the retail price. Turning to the markets… Daniel and I break down what to expect from today’s Fed meeting and Fed Chair Jerome Powell’s Q&A later this afternoon.  Yesterday’s Consumer Price Index (CPI) data showed inflation is trending lower, fueling market bulls’ hopes for a quick end to the Fed’s interest rate hikes. Daniel and I debate whether we’ve hit peak inflation. I explain why the bulls are crazy if they think the Fed will cut rates anytime soon… and why investors need to prepare for market chaos through 2023. Finally, turning to crypto… The House Financial Services Committee convened yesterday following the arrest of former FTX CEO Sam Bankman-Fried. We discuss the smoking gun that could bury SBF… why the crypto industry will come out stronger following the FTX catastrophe… and why SBF should be on “Epstein watch.” Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox every Wednesday: 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/ :

Frank is attending his daughter’s Christmas play (yes, midday on a Tuesday), leaving me, Daniel, behind the mic. Stocks are in rally mode following this morning’s lower-than-expected Consumer Price Index (CPI) data. I share the factors behind the market’s optimism (but why investors shouldn’t count their chickens just yet)… how to take advantage of the rally… and what to expect from tomorrow's Fed meeting. Cryptos are also rallying—with Bitcoin nearing the $18,000 mark—following the arrest of former FTX CEO Sam Bankman-Fried. I explain why SBF should be in jail… why the fallout from the FTX collapse isn’t over yet… and why SBF’s arrest is great news for the crypto space. In this episode: Markets are rallying… but don’t count your chickens yet [1:20] What to expect from tomorrow’s Fed meeting [4:20] Why Sam Bankman-Fried should be in jail [6:30] Why SBF’s arrest is great for crypto [17:40] Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox every Wednesday: 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/ :

ExxonMobil just released some incredible projections about its wage increases, capital expenditures, and future free cash flows. Daniel and I explain how government policies have given Big Oil the ability to print money… And why oil stocks are rising, even as oil prices are falling. In other energy news, oil shipping companies are drastically increasing their rates—in part due to the uncertainty surrounding Russian sanctions. Daniel shares a handful of names that will benefit from the situation.  Walmart CEO Doug McMillon recently spoke about the rise in shoplifting the company is seeing… and how it could result in price increases and even store closures. Target says it’s also struggling with the same issue. We discuss why everyone should be concerned about this news… and how it could lead to buying opportunities in a few of the biggest retail stocks. In this episode ExxonMobil’s remarkable projections [2:10] How governments are helping create massive profits for big oil [6:05] The disparity between oil stocks and oil prices [13:00]  These stocks will benefit from increased shipping rates [16:35] What Walmart’s warning means for retail [28:14] Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox every Wednesday: 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/ :

The Fed is keeping quiet ahead of next week’s meeting… But its silence isn’t necessarily good news… On today’s show, Daniel and I discuss why the bear market rally is coming to an end… and how investor sentiment has changed from “buy the dips” to “sell the rips.” I explain why the market’s price-to-earnings ratio is worthless right now… why there’s zero chance next year’s earnings will meet current expectations… and why estimates need to come down at least 20% from here.  As a reminder, you can take advantage of the coming stock market decline with our special offer on Moneyflow Trader.  Goldman Sachs plans to invest tens of millions into the crypto space… as it looks to take advantage of this year’s brutal crypto crash. I share why this is great for the industry… what I think Goldman will invest in… and the incredible innovation happening in digital assets.  In this episode  Why the Fed is keeping quiet [0:30] Why next year’s earnings estimates are laughable [5:48]  How to get greedy as stocks crash [12:55] The market’s P/E ratio is worthless right now [21:15]  Goldman Sachs wants to go “bottom feeding” in crypto [28:35] Innovation is alive and well in digital assets [30:25] Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox every Wednesday: 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/ :

There’s a massive story playing out in real estate right now… And if you’re 100% long stocks, this story should scare the s*** out of you… Real estate giant Blackstone (BX) is halting redemptions in its $70 billion Blackstone Real Estate Income Trust (BREIT). In other words, it’s putting a limit on how much money investors can pull out of the fund. It’s also selling some of its best properties. I look under the hood and explain how Blackstone—and private equity in general—is misleading investors… why real estate could soon plunge 20% from current levels… and the alarming ripple effects that will spread throughout the economy. The bottom line: This is a critical time for investors to start protecting their portfolios. Learn how to make a fortune as stocks crash with Moneyflow Trader.  In this episode  Why Blackstone is selling incredible Vegas properties [0:35] Why publicly traded REITs are getting crushed [4:20]  Why investors were pouring billions into REITs [9:35] Why real estate could plunge 20% in 2023 [15:35]  Private equity is lying about its returns [31:40] How to multiply your money as stocks collapse [39:55] Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox every Wednesday: 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/ :

John Petrides, portfolio manager at Tocqueville Asset Management and fan-favorite guest, is back on the podcast to discuss what’s moving these markets. He explains why the Fed is nearly done with its fast-paced interest rate hikes… why it wants mortgage rates to be around 7% next year… and when we should expect it to start lowering rates. We discuss why a soft housing sector and rising unemployment will be good for the stock market, especially later in 2023… and the three major headwinds investors should focus on right now. John shares which sectors to look at in this market… and whether bonds will outperform stocks in the months ahead. Finally, John discusses his fantasy football teams… and highlights a relatively under-the-radar sport he’s just getting into. Disclaimer: John, nor his family, nor clients of Tocqueville, currently own shares of IXC. In this episode  The Fed will slow the pace of rate hikes [4:53] Why John is bullish on the second half of 2023 [8:25] Markets are facing three major headwinds [15:48] John’s favorite sectors right now [23:30] Will bonds outperform stocks over the next six months? [31:49] John’s new love for one sport [38:58] Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox every Wednesday: 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/ :

Markets are trading lower ahead of Fed Chair Jerome Powell’s speech this afternoon. I give my take on what Powell will say… and whether you should expect a Fed pivot anytime soon. Bitcoin continues to trade around $17,000 despite the FTX meltdown. I break down why this volatility reminds me of the dot-com days… how one big asset manager is moving into crypto… and how investors should play the chaos in the crypto market. Well-known short seller Mark Cohodes is going after crypto stock Silvergate Capital—going so far as to call the company a fraud. I explain why I’m skeptical of the short thesis… and why the stock could rally 200% from here. Plus, one more crypto stock for your watchlist. In this episode  What to expect from Powell’s speech [0:30] Will the Fed pivot anytime soon? [5:25] Why Bitcoin is resilient amid the crypto market chaos [7:15] Why I’m skeptical of the short thesis on Silvergate Capital [10:14] One more crypto stock to watch [33:28] Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox every Wednesday: 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/ :

Black Friday sales set a new record this year… But this isn’t good news for the market. I explain why strong consumer spending is a negative from the Fed’s perspective—and why it will lead to higher interest rates. I’m an optimist—but the current bullish argument for stocks is crazy. I break down why we need to prepare for the most volatile market ever over the next 12–18 months… and why buying put options is the key to protecting yourself—and making a fortune—as stocks crash. Plus, I highlight a popular stock whose business model won’t work in the new, high-interest rate environment. (Speaking of puts, we’re running a special offer on Genia Turanova’s incredible Moneyflow Trader newsletter. Here’s how to lock in your membership at a deep discount.) My best advice is to start doing your homework on companies to bet against as interest rates keep rising. I also share an easy tool you can use to spot stocks to avoid (or buy puts on)... and some red flags to watch out for.  Finally, I highlight why China isn’t the growth engine it once was… and why you should avoid companies that rely on the country for sales. In this episode  Why strong Black Friday sales are bad news [0:30] Why the bull argument for stocks is insane [3:30]  Avoid this popular business model [14:00] Why you can’t rely on growth out of China [29:55] How to make a fortune as the Fed wrecks the economy [40:25] Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox every Wednesday: 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/ :

Happy Thanksgiving! Daniel joins me to discuss the volatility in oil prices… rumors of upcoming sanctions on Russian energy… why many energy stocks are trading near 52-week highs while oil prices sit near 12-month lows… and how to play the sector.  We also discuss how China’s lockdowns will impact oil demand… as well as companies like Starbucks, Nike, and the mighty Apple. And I break down the recent quarterly earnings from Dick’s Sporting Goods (DKS)… why the company is crazy to raise guidance… and an easy way to make money from Dick’s (and other retailers’) shortsightedness. In this episode  What’s causing the volatility in oil? [2:08] Why price caps on Russian oil are a bad idea [6:20] An outperforming energy sector to watch [11:15] How China’s lockdowns will impact various companies [16:25] Why retailers should be worried [20:10]  How to make a killing in this market [34:40] Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox every Wednesday: 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/ :