Fed Chair Powell was trying to make sure the stock market didn't get disappointed: Komal Sri-Kumar
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- Опубліковано 19 вер 2024
- Komal Sri-Kumar, Sri-Kumar Global Strategies president, and Darrell Cronk, CIO of Wells Fargo’s wealth and investment management, join 'Squawk Box' to discuss the Fed's interest rate decision, what was behind Fed Chair Powell's decision to cut by 50 basis points, and more.
House prices all time high, stock market at all time high. Stock market cap to gdp 199.7. 50 basis point cut! This is the greatest financial bubble ever. The Fed keeps pumping the drugs to the financial system.
Prices of everything are always at all time highs. Dollars get less and less valuable over time by design. That's how fiat works. You have to correct for inflation or use other metrics
The entire economy is larger according to GDP so you need to look at percentages rather than nominal numbers. For instance, much is made by the doomers that there is record high credit card debt, but it remains at the same historical percentage of 5%.
i think you said the same thing ten years ago
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Yes, a bubble is getting bigger, it is because of politics actually election politics. Rate cut would boost inflation so what have been done to subdue it would wipeout.
This guy is always wrong. 6 months ago he said “In next 3 months I see something catastrophic breaking the market.” Whatever happened ? Before coming on this show, all guests should be required to watch their last appearance.
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He’s just early…. Storms are brewing. Open your eyes.
My thoughts exactly. He just kind of bounces around, no cohesive thoughts. Terrible guest.
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Rude af but this gave me a much needed laugh first thing in the morning
The Indian man is spot on
Nope he is not. He is reacting to the data while J Powell is predicting. Fed did the mistake of not raising interest rates sooner which is why we are here in the first place.
@@kashyappatel1988 The markets are what the Fed worries about
He’s been way off the last 12-24 months. Look at his other videos predicting a black swan credit event early 2024 causing a recession.
@@chrisginoc Well his timing sucks lol
Cronk from Wells fargo is in another world. A reason we should not be in space.
there is no chance of us encountering intelligent life in the universe, they will not let us anywhere near them
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I’m so glad Komal isn’t in charge…
because they can't pay the interest on the debt which all you geniuses never talk about
Exactly and they can’t be just keep waiting for things to fail to do something
Thank you come again!
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I really acknowledge your comment, i have been trading stocks for a while now but i have not been able to make much. how do you achieve this feat?
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Shock and surprise are powerful tools in the Fed toolkit
You guys really don't know why they cut rates? Come on.
Oooh Shuuuuurrrr I do.
The main reason is that he could have taken off 25 bp in July. No debate on that. Obviously the market statistics on inflation kick in. Also Powell has made it pretty clear what kind of person he is. Only a blind person would not recognize it. He only does what he feels is right for the dual mandate. If next time 25 basis points is required he will give that and only that.
When jobs fall off they don’t fall off slowly, the fall off a freaking cliff and cascade straight into recession. Bringing the fed funds rate closer to the real funds rate makes sense here because it’s still restrictive in that sense. If you wait too long, one cut doesn’t help in time. Powell nailed it with this cut
Wrong.
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So what's the most effective strategy during this period of volatility with the rate cut? Most of my portfolio is in (20% Index funds, 20% CD's 30% Bonds/T-bills and other assets) I want to explore different strategies to benefit from a potential bubble.
This is the exact thought process of persons handling their portfolio themselves. I will advice you engage guidance to help you make smarter portfolio decisions.
I've been through the 'bonds are beating stocks' periods since the 90s with no bonds and with all aggressive stock mutual funds.
At 66, my IRA and cash accounts are far more than I expected for my retirement. I can easily handle a worst-case 80% stock crash, Thanks to my CFA.
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Joe is the old grandpa who wakes up grumpy
, , , , , , , and is the smartest guy on the program.
But he is the most wisest and RIGHT.
@@BORNGEARHEAD damn you kids!!! Get the hell off of my interest rates!!!! 👴🏼
Sri is all over the map. His comments are never internally consistent - just kind of rambles. Remember when he was saying "something is about to break". Not a good guest in my opinion.
he's taken over Greg Branch's role
Suri is all over the place. From emergency cuts needed to no cuts needed to Powell managing the stock market. BS. It’s clear the balance of risk changed. Pretty obvious.
It’s got nothing to do with confidence once you know you’re late to the party you cut big
yawn, komal STILL living in a 2022 world
Is all political
Fire Joe already. He is the worst anchor on cnbc
No respect😅
He doesn’t know. Stop assuming .
Anyone taking a wells fargo executive's word with all their baggage is smoking some of serious weed.
How do you get some that?
2:49 Powell’s justification was that they had already considered beginning cutting in July and in retrospect should have done so, justifying a half percent cut in September.
Everyone is playing their favorite parlor game on politics. No mention of whether we were at a restrictive rate or not when the Fed rate is at 5.38% while the 10-yr bond was at 3.7%, and the 2-yr that usually leads the Fed rate was at 3.9%, and we have been very restrictive in our monetary policy that doesn't seem warranted when the PCE is now near 2.3%.
Politicizing the economy and markets is a sure fire way to lose money, while entertaining the viewers for clicks and eyeballs.
They already pushing to get 50 more hahah
Poor Joe, so unhappy economy didn’t go into a recession. Guy needs to retire.
komal is mad becoz he is short
surprise surprise the big bank guy thinks the Fed (owned by the big banks) is on the up and up lol
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How please
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The Indian guy is taking the rate cut too personally. He seems offended by the cuts.
😂 yeah he was advocating no cuts at all in previous videos.
Yep some folks have their own biases. Today is not the time to react to the data , it’s time to predict what’s good for economy and how can we engineered soft landing rather than keep reacting to inflation/ job print
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The year has been really rough for everybody. But I've been able to cushion the effect though. Have you thought of using an investment advisor? They can make you good money especially during uncertain times like this.
Yes, I agree. I use a financial advisor too. Same person since 2020. I don't worry about whether the economy is going up or down or sideways. I always ride through.
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I have seen something like this on countless videos and i find it misleading.. I do not trust most advisors as the last time I did, it didn't end well
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Okay, how do I get in touch with him?
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