FedWatch Advisors founder and Chief Investment Officer Ben Emmons joins Yahoo Finance Executive Editor Brian Sozzi on the latest episode of Opening Bid to...
to discuss the Federal Reserve’s monetary policy as Wall Street awaits its first interest rate cut amid cooling inflation. As the 2024 election lies just four months away, Emmons also breaks down how the differing agendas between President Biden and former President Trump could weigh on the overall health of the economy.I know it's been a long time coming.
They talk a lot about slow down in exports, slow down in some of the manufacturing construction, slow down in, in um somewhat in spending but but it's all very moderate, but this word emphasis on moderate. And if that's, if that's the case, then the fed cannot do much other than just go really slow on the rate cuts if they can.
There could not be a, a Republican Congress could be a divided one which makes it for him harder to implement everything specifically tax cuts. Again, the slogan and again, I'm, I'm not here saying that President Trump will be the next president or make any, any suggestion thereof. And I think that's the biggest risk I think for, for the economy and the markets and that's not for now, market expectations are that the fed will reach its target and emission complete.
That the treasury has no choice but to fund over the long term bonds that then have to go up and yield to get demand for those bonds. Rates may go up because yes, you're gonna have to fund it with more debt and, and, and lower maturities. But within that story, uh I is uh mentioned by Peter Navarro very um uh let's just say a hot button person in the world of finance to say the very least.How dangerous would it be to remove AJ Powell uh early on in a second Trump presidency, how dangerous for the economy and how dangerous for markets?
I don't think markets will react negatively because they look at the body of the FO MC, but they will extrapolate out on who will be that next candidate.Uh Don't go anywhere.Of course, we were scaring the hell out of people with dangers of the economy in the market. So and same for the US after the debate, people concluded like, well, there's a good shot at that former President Trump could win the White House.
I think also the Japanese Yen is another example in that context, Yen is at the weakest level in, in almost 40 years. So I think as an as an investor, you would look at these, these, these risks as they're there on the list, we know what they're to an extent about.Not, not to be silent, Ben, you, you scared me a little bit because you did not say Brian, you're a dope.
You should never have it in any single instrument no matter what company it is or, or even a treasury bond for that matter because that's called, that is called concentration risk.So you should carefully look at it like if something is like, I would say 20% 30 40% position in one single asset, whichever one it is, you should take action because that's too much concentration risk.
Now that A I is an old technology, right, from the seventies has now become so mainstream and, and, and, and so much money is put into it, right?So just, yeah, think about it, you can build your, your retirement on one particular asset even though it, it goes really well for a long time. And even though right now it's making some making up somewhat on, on, on the higher interest that it earns on treasury bonds.
Ben, I've already come to peace that, uh I will not be getting social security and if I do it might be a check for, for $10.Good to see you. The Iranian frigate Sahand was photographed floating on its side as merchant vessels were docked nearby. State media said it was undergoing repairs. An entire Florida homeowners association board quits after $60K special assessment dispute — what happenedPresident Biden, in the wake of a poor debate performance and growing calls for him to step aside, has narrowed Trump’s lead in the key swing states, according to a new survey. The Bloomberg/Morning Consult poll, published Saturday, showed Biden leading Trump in Michigan and Wisconsin.
President Trump Brian Sozzi Ben Emmons Chief Investment Officer
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hidden gems in tech that investors need to know: Opening BidWhile tech giants such as Apple (AAPL), Microsoft (MSFT), Alphabet's Google (GOOG, GOOGL), Meta (META), Amazon (AMZN) and Nvidia (NVDA) dominate markets, a...
Read more »
How much can the presidential election impact stocks?: Opening BidThe first presidential debate between President Joe Biden and Former President Donald Trump caused a stir in the political landscape which could filter over ...
Read more »
U.S. President Biden’s administration loses bid to revive legal protections for LGBTQ studentsThe 6th Circuit said the department had not followed the proper procedures for making new rules, and did not address whether a federal law banning sex discrimination in education extends protections to LGBTQ students
Read more »
Biden struggles to contain pressure to abandon re-election bidThe drumbeat of pressure on U.S. President Joe Biden to drop out of the presidential race intensified Wednesday with a bombshell report in the New York Times that he had conceded the possibility to a key ally, as well as movement within his own party to demand his withdrawal.
Read more »
Judge Blocks Biden’s Bid to Halt LNG Export Licenses Over Climate(Bloomberg) -- A federal judge halted Joe Biden’s temporary moratorium on new licenses for exports of US liquefied natural gas, though the decision is...
Read more »
Judge Blocks Biden’s Bid to Halt LNG Export Licenses Over ClimateA federal judge halted Joe Biden’s temporary moratorium on new licenses for exports of US liquefied natural gas, though the decision is unlikely to immediately jump start approvals.
Read more »