Perspective: What does the rest of 2024 hold?
Great to be on Kitco News with Jeremy Szafron to discuss what may lie ahead in what has been a challenging year so far
Jeremy Szafron, Anchor at Kitco News, interviews Thomas Fitzpatrick, Chief Market Strategist at RJ O'Brien and Associates. Fitzpatrick shares his perspective on the Fed's policy approach, emphasizing how their fear of repeating past mistakes might impact the economy. Fitz also dives into the similarities between today’s market and the dot-com bubble of 2000, exploring potential risks and investor strategies. Fitzpatrick highlighted signs of caution in the stock market, focusing on underperforming sectors and the potential implications for the broader economy.
0:00 - Introduction 1:20 - Fed's Policy Approach and Mistakes 3:20 - Market Comparisons to 2000 5:09 - Sector Performance and Risks 7:27 - Employment and Inflation Outlook 9:13 - Investor Strategies Amid Market Risks 11:56 - Communication and Policy Transparency 14:19 - Potential Future Rate Cuts and Impacts 17:28 - Diversification and Safe Havens 20:08 - Gold and Industrial Metals Outlook 22:49 - Global Economic Concerns 25:26 - Conclusion
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FITZ
VP Latin America en R.J. O'Brien
9 个月gotta listen to Tom
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9 个月Great insights Tom.
Macro Investor & Speculator
9 个月Brilliant. This reminder about nominal GDP growth being way way below what it was earlier and significantly below the interest rate hits the nail on the head. The best is behind them in economic performance - unavoidable stuff should it continue. The Fed is already behind the curve