We are going into a recession, and there won't be a soft landing: Short Hills Capital's Steve Weiss
Bryn Talkington, Requisite Capital Management managing partner; Rob Sechan, NewEdge Wealth managing partner and co-founder, Shannon Saccocia, chief investment officer at NB Private Wealth, and Steve Weiss, Short Hills Capital founder, join ‘Halftime Report’ to discuss the market as it is still poised to end the week with steep losses, whether recession is on the horizon, and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/2NGeIvi
» Subscribe to CNBC TV: cnb.cx/Subscri...
» Subscribe to CNBC: cnb.cx/Subscri...
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
Connect with CNBC News Online
Get the latest news: www.cnbc.com/
Follow CNBC on LinkedIn: cnb.cx/LinkedI...
Follow CNBC News on Facebook: cnb.cx/LikeCNBC
Follow CNBC News on Twitter: cnb.cx/FollowCNBC
Follow CNBC News on Instagram: cnb.cx/Instagr...
www.cnbc.com/s...
#CNBC
#CNBCTV
Пікірлер: 426
The media is currently barraged with a lot of economic data right now. It takes a lot to see beyond the whole ocean of news on focus on what is important, which is that no matter how low stocks go, they always bounce back. I really ignore all the news and keep investing. I recently allocated about $121k to put in the market as we anticipate a crash. Any recommendations?
@legacymedia8468
9 ай бұрын
Be careful not to jump into trading without any proper training because it can be very detrimental. Many folks jump into trading only to suffer great loss at the very beginning. Do not try to imitate advice you get on the internet. Better still, ask questions. Get the services of a professional stock expert or a licensed broker.
@chrisbluebird5037
9 ай бұрын
Yeah, this makes sense. You'll tend to get a lot of recommendations, but most would be inaccurate. I personally don't like engaging in those mundane decisions, so I just allow a wealth manager do them for me. Been doing that since 2020, and have pulled in a cumulative of more than $213k.
@selenajack2036
9 ай бұрын
Please can you leave your investment advisor's contact information in this space. never worked with anyone before. Right now, I really need one.
@chrisbluebird5037
9 ай бұрын
Sure. I only work with "HEATHER LEE LARIONI" as my advisor. She is a licenced investment advisor and well-known as well. If you want to hire her services, you can do a name-search to confirm it.
@lucasanderson8993
9 ай бұрын
Thank you for this tip man. Just verified Heather Lee Larioni, wrote her, and scheduled a Phone call. She seems Proficient. Hope she responds soon.
Recession is most likely the result of an external factor. For the first time in decades, the United States is losing its clout as a federal reserve currency. They don't have any more economies to use to control inflation, and less money is being spent on stock and oil trading than in the past. They all lend support to the idea that a new multilateral world order is in the works.
@bernadofelix
11 ай бұрын
With the assistance of an investment advisor, I was able to diversify my $401k portfolio across multiple markets, earning over $980k in net profit from high dividend yielding stocks, ETFs, and bonds in just a few short months.
@bernadofelix
11 ай бұрын
My Financial adviser is ‘’Margaret Johnson Arndt’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Yes stock market crashes hard, so? Doesn’t that present a good buying opportunity? I heard Cathie Wood just purchased 1M worth of PLTR shares.
@clintscott3300
11 ай бұрын
If the unemployment rate is able to remain steady while the Fed hikes so aggressively and inflation falls back to target, a soft landing might be on the table
@VickyTammy
11 ай бұрын
I don’t know why investors are increasingly confident the Fed won't raise interest rates again in September.
@addisonwillow1055
11 ай бұрын
Fixed income and treasuries may work for you while you try to figure out the next entry point for stocks, but stay away from the stock market if you can. I have a fin-planner I hire to do these things for me makes it a whole lot easier
@addisonwillow1055
11 ай бұрын
It’s always good to have a balanced fin-plan. I work with a professional planner multi mrkt and fixed-income strategist in NY.
@OksanaRastuk
11 ай бұрын
@addisonwillow1055 I had 100k put aside waiting for the fed to stop raising rates. I want to get back into the markets, but the hike will continue and stocks have crashed, I’m open to suggestions who are you working with please?
Major indexes have been so volatile lately. Even the small caps and mid caps have showed promise and jumped from time to time in short periods, I read an article of people that grossed profits up to $150k during this season, any recommendations to scale up such returns will be highly appreciated.
@hillaryflinch2334
10 ай бұрын
The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner.
@lathamwilfred1181
10 ай бұрын
@@hillaryflinch2334 Having an lnvestment advser is the best way to go about the market right now, especially for near retirees, I've been in touch with a coach for awhile now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I nettd over $220K so far, that made it clear there's more to the market that we avg joes don't know.
@alwaysbusy7230
10 ай бұрын
@@lathamwilfred1181 I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?
@lathamwilfred1181
10 ай бұрын
@@alwaysbusy7230 Sure, the investment-advsor that guides me is Linda Perez Lewis, she popular and has quite a following, so it shouldn't be a hassle to find her, just search her
@alwaysbusy7230
10 ай бұрын
@@lathamwilfred1181 Thank you for sharing this. I took the time to Google the individual you mentioned, and after reviewing her resume, it is evident that she is a seasoned professional. I have reached out to her and am eagerly awaiting her response.
The US economy is grappling with uncertainties, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
@alexyoung3126
10 ай бұрын
Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation. Where else can we keep our money?
@oneiljerry9460
10 ай бұрын
Well I recommend you make a diversification plan because it's been harder to build a good stocksportfolio since COVID. My colleague suggested I hire a brokerage Adviser, and I've actually made over $150K with their help during last market upheavel. They used defensive strategies to protect my portfolio and make profits despite the ups and downs.
@bobbymainz1160
10 ай бұрын
I find this intriguing. Could you please provide me with the means to get in touch with your Adviser? I am concerned about my dwindling portfolio.
@oneiljerry9460
10 ай бұрын
The adviser I'm in touch with is Helene Claire Johnson. She was interviewed on CNBC Television. You can use something else, for me her strategy works hence my result. She provides entry and exit point for the securities I focus on.
@bobbymainz1160
10 ай бұрын
Helene really seem to know her stuff. I found her website, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a call session with her
Recession is far more harmful to individuals than a collapsing stock or property market because it directly affects people's cost of living, which they immediately feel. It is not surprising that the current market sentiment is extremely pessimistic. In today's economy, assistance is critical if we are to survive.
@roberttaylor662
11 ай бұрын
Remember that investing in the stock market carries risks, and it’s important to do your own research and consult with a financial advisor before making any investment decisions.
@DeannaPeters-lz8we
11 ай бұрын
With the help of an investment advisor, I was able to diversify my $550K portfolio across multiple markets, and in just a few months, I was able to earn over $950K in net profit from high dividend yielding stocks, ETFs, and bonds
@jamesfriedrich1150
11 ай бұрын
Pls who is this coach that guides you? I’m in dire need of one
@DeannaPeters-lz8we
11 ай бұрын
My consultant is Monic Amanda McClure She has since provide entry and exit points on the securities I focus on. You can look her up online if you care for supervision.
@jamesfriedrich1150
11 ай бұрын
@@DeannaPeters-lz8we Thanks, I merely looked her up on Google and was highly impressed by her credentials; I got in touch with her because I need all the help I can get. I just set up a phone call.
What are the best strategies to protect my portfolio from a crash? I've heard that the market crash will devastate the financial market, so I'm concerned about my $200k portfolio.
@MarkGrimm8
9 ай бұрын
Amidst recession, investors need to understand where and how to allocate funds to hedge against downturns and still make profits. if you can't navigate the market you should consult with an expert advisor
@carolpaige2
9 ай бұрын
The US-Stock Market had been on it’s longest bull-run in history, so the mass hysteria and panic is relatable considering we’re not accustomed to such troubled markets, but there are avenues lurking around if you know where to look I’ve netted over $450k in the past 10months.
@Johnlarry12
9 ай бұрын
@@carolpaige2 Pls who is this coach that guides you? I’m in dire need of one
@carolpaige2
9 ай бұрын
I started out with a financial advisor called Vivian Carol Gioia Her honest approach gives me complete ownership and control of my positions, and her rates are incredibly affordable given my ROI.
@Johnlarry12
9 ай бұрын
@@carolpaige2 I just Googled her name and her website came up right away. It looks interesting so far. I'm going to book a call with her and let you know how it goes.Thanks
When it comes to making smart investments, keeping an eye on the yield curve can be helpful. If the yield curve starts to invert, it may be a good idea to consider adjusting your investment strategy. it's just one piece of the puzzle, but it can provide insight into the overall economic climate. I have poured about $80k into the market holding good positions.
@brandywhite9317
10 ай бұрын
U.S. stocks fluctuated last Thursday after a series of new corporate earnings fell short of estimates amid aggressive interest rate hikes by global central banks. The US yield curve remained inverted as recession fears persisted. Meanwhile, what's the best strategy to make gains in this present condition? My portfolio is still down by 20% and It scares the hell out of me.
@selenajack2036
10 ай бұрын
As you know, it is currently a fragile season, so you can do little or nothing on your own. Therefore, I recommend that you hire a professional to provide you with entry and exit points for the securities you are focused on. I achieved an increase in net profit of over 80%, which is about 10 times more than I earn on my own.
@kaylawood9053
10 ай бұрын
That's why it's worth being informed. I see every market situation as an opportunity, so far I just DCA. With the guidance of my financial advisor, “Mrs Marisol Cordova” I increased my reserve from $70,000 to a reasonable amount in just a few weeks. I don't pay attention to the daily movements, the returns have been good. I'm not retiring anytime soon, so who cares what happens today?
@adenmall7596
10 ай бұрын
I buy the idea of using the services of a financial advisor because finding the balance between saving and investing requires counsel.
@kaylawood9053
10 ай бұрын
You can look her up on the web as she is SEC regulated.
During a recession, many stocks and assets may be undervalued. I believe now is an ideal time to capitalize on the market for long-term gains, but it wouldn't hurt to know how to make short-term profit. I've heard of investors making over $400k profit in this current sinking market, and I'm looking for ideas on how to earn similar profits.
@EverlyndPerez
10 ай бұрын
It's all a charade! It is advisable to disregard the current trend, whether positive or negative, and adhere to a suitable trading plan, ideally with professional assistance.
@gregorywhem
10 ай бұрын
Had a good run during my first year in the fin-market, I assumed I had a hang on it. However, things changed during the pandemic, and I needed to diversify into safe assets, so I approached a coach who devised a structure that matched my annual goal of 200k
@HarrisRyan-oy8eo
10 ай бұрын
It's unfortunate how the downtrend has significantly decreased the value of my portfolio, but how can one locate a resourceful coach? I like the thought of using their services.
@gregorywhem
10 ай бұрын
*Alicia Estela Cabouli* is my portfolio-coach, I found her on Bloomberg where she was featured, I looked up her name on the internet. Fortunately I came across her site and reached out to her, you can verify her yourself.
@A_francis
10 ай бұрын
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
I drive a truck. I know this is very anecdotal but the last couple of weeks freight seems to have fallen off a cliff. It feels really bad out here. I dropped a shipment at 3:00 this afternoon and they told me expect to sit for the next 48 hours.
@georgekazanchyan4976
11 ай бұрын
Truckers like who move this economy have the best view on the shape of the economy than the clowns in suits on cnbc panel.
@darylb5564
11 ай бұрын
@@georgekazanchyan4976 heck you may be right. I know I’m just one guy driving for one company but it’s a really big company and my dispatcher told me things are bad. I’m in NC right now and there’s big business everywhere. I found out this morning that I will not roll again till Monday. When you hear the talking heads on tv say we are short 70,000 drivers I can assure you that’s not correct
@mollyprysunka7741
21 күн бұрын
No one can afford to eat out anymore
I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.
@ArfaanaBinUmar.
10 ай бұрын
I agree. Based on personal experience working with an investment advlsor, I currently have $985k in a well-diversified portfollo that has experienced exponential growth. It's not only about having money to invest in st0cks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
@ArfaanaBinUmar.
10 ай бұрын
There are a lot of independent advisors you might look into. But i work with Viviana Marisa Coelho and I have been working together for nearly four years, and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her.
My head is spinning. The whole thing is one big scam
@txbulldogboxing1462
11 ай бұрын
The entire system
@jozzieification
11 ай бұрын
It’s just the best way we’ve found to organise a society where people enjoy freedom of opinion and can potentially succeed financially if they put forth the necessary work. Humans lifespan is roughly 80 years, divided between 20 years learning basics, 45 being productive and 15 watching yourself decline and fall into oblivion, so the whole of society is essentially a patchwork made out of generation after generation of people trying to figure it out as they are going along. We’ve actually come a long way in terms of civilisation, but we tend to get caught up with life difficulties and just fail to see it.
@michaelbush1374
11 ай бұрын
@jozzieification Young people can't afford to buy homes on the average American salary. Blackrock is buying up homes that nobody is living in to screw up the housing market and turn everyone into renters. Everytime a new neighborhood is erected it's in the 300,000 to 750,000 dollar range. Starter homes are not being built anymore. Bill Gates is buying up all the farm land and investing money into lab grown synthetic meat. The US government would rather give 100 billion dollars to Ukraine where we shouldn't even be involved to begin with instead of giving 5 billion to rebuild Lahaina after the Maui fires. And we have a weak president that can't get control of the border crisis or the economy. This is not the peak of our civilization.
I used to think every investor lose out during recession, meanwhile some make millions. I'm nonetheless considering whether to put $400k in my stock portfolio. What is the greatest approach to profit from the market?
@RickWatson-xu6gw
10 ай бұрын
The mkt has gone berserk! Whether you’re a newbie or a veteran trader, everyone needs a sort of coach at some points to thrive forward.
@PotBellyPete69
10 ай бұрын
I’ve been using a coach for over 3 years and my portfolio has yielded from initial $500k to a ballpark estimate of $1.85m as of today. you should not make investment decisions without consulting with an FA
@albacus2400BC
10 ай бұрын
This is probably what I should do. Who is your advisor, please?
@PotBellyPete69
10 ай бұрын
I have been working with *SHARON LOUISE COUNT* whose expertise in portfolio diversification is unsurpassed and client-focused, my portfolio has gained so much more since the second quarter
@sting_grayl
10 ай бұрын
I Found her online page by searching her full name, I wrote her an email and scheduled a call, hopefully she responds
Boston Fed President Susan Collins said the central bank may hike interest rates further and will likely need to keep rates elevated for a "substantial" period of time. I’m thinking of investing $400k into my stock portfolio but unsure about the market.
@Curbalnk
10 ай бұрын
The question is whether inflation's downward trajectory is convincing enough to take a more measured pace with interest rate hikes, or whether a more aggressive approach is warranted to get inflation close to the Fed's target of 2%.
@velayuthman
10 ай бұрын
Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, , and in just a few months, I was able to earn over $950K in net profit from high dividend yielding stocks. you should try it if you're unsure about the market.
@velayuthman
10 ай бұрын
I’m a Travel-Agent, and my job doesn’t permit me the time to properly analyze my holdings/evaluate stocks myself, so I’ve had a fiduciary " *Monica Selena Park* " actively restructuring my portfolio to match the present market condition and that’s how I’ve been able to stay afloat, knowing when to buy and sell…maybe you should do the same.
With inflation running at a four-decade high, the Recession is now the ‘most likely outcome for the economy and I cannot imagine being a victim of circumstances. My portfolio suffered a big hit, holding it further won’t be any good. I've heard of people netting hundreds of thousands this red season. How can I ensure this?
@suzannehenderson5
11 ай бұрын
I agree with you. I overheard someone talking about how a couple made $200k during this red season but it’s risky except you’re being guided by a pro.
@DaleHorne8
11 ай бұрын
Very true! I've been able to scale from $350K to $650K this red season because my FA figured out Defensive strategies to protect my portfolio and profit from this roller coaster market.
@frankbarnes22
11 ай бұрын
@@DaleHorne8 I need guidance so i can salvage my portfolio due to the massive dips and come up with better strategies. How can i reach this advisor?
@DaleHorne8
11 ай бұрын
You can do your research and be on the lookout for one with intelligent strategies who'll help your portfolio maintain an unwavering and a progressive growth. Dawn Maureen Humphrey is my advisor. She has the Flexibility & Expertise to Meet Your Needs. Verify her yourself
@frankbarnes22
11 ай бұрын
@@DaleHorne8 Thank you for this tip. it was easy to find your investment advisor. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
Given the current economic difficulties that the country is experiencing in 2023, how can we enhance our earnings during this period of adjustment? I cannot let my $680k savings vanish after putting in so much effort to accumulate them.
@tommychestnut5335
10 ай бұрын
Well the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals
@chrisbluebird5037
10 ай бұрын
Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
@selenajack2036
10 ай бұрын
Please, could you recommend the FA you work with? I could really use some help right now.
@chrisbluebird5037
10 ай бұрын
Credits to "Heather Lee Larioni", one of the best portfolio manager;s out there. she;s well known, you should look her up
@legacymedia8468
10 ай бұрын
she actually appears to be well-read and educated. I just did a Google search for her name and found her webpage, I appreciate you sharing
If you are properly prepared and knowledgeable, every crash/collapse/inflation or recession gives an equal market opportunity. I've seen folks amass up to $800,000 throughout crises and even do it with ease in a terrible economy. Without a doubt, someone has become enormously wealthy as a result of the crash.
@jessicasquire
11 ай бұрын
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience
@Erikkurilla01
11 ай бұрын
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
@Erikkurilla01
11 ай бұрын
*STEPHANIE KOPP MEEKS* is the advisor that oversees my portfolio. She's been able to gain some reputation and online recognition with over 3 decades in service, so it shouldn't be a hassle to find basic info.
@magicmerlin1
10 ай бұрын
Stephanie Meeks is a scammer
@dark12ain
10 ай бұрын
Yeah yeah yeah
Once in awhile CNBC has someone on that knows the reality of our country’s fiscal situation. And personal finances. Nothing has been fixed yet and we have not even begin to feel discomfort. Inflation is just a taste of what’s coming.
@AntonnChigurh
11 ай бұрын
Exactly once and a while they let the truth out and stop the propaganda
Instead of trying to predict and prognosticate whether or not we’re going into a recession, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
@PotBellyPete69
10 ай бұрын
75% of my portfolio is in the red and I really don’t know how long I can stomach the losses. I’m beginning to reach a breaking point.
@DanielPanuzi
10 ай бұрын
The US-Stock Market had been on it’s longest bull-run in history, so the mass hysteria and panic is relatable considering we’re not accustomed to such troubled markets, but there are avenues lurking around if you know where to look I’ve netted over $850k in the past 10months.
@judynewsom1902
10 ай бұрын
That does make a lot of sense, good for you though, unlike us, you seem to have the Market figured out.
@DanielPanuzi
10 ай бұрын
I'm as new to the market as it gets, believe it or not; all I have to do is follow my advisor's lead. My instructor is *Sharon Louise Count* who is well-known in her industry and who you may have already encountered. Look her up.
@Ogden1
10 ай бұрын
I just Googled her name and her website came up right away. It looks interesting so far. I'm going to book a call with her and let you know how it goes.Thanks
My Husband and I are adding a variety of stocks/ETF to my present holdings for the long term, We've set aside $250k to start following inflation-indexed bonds and stocks of companies with solid cash flows, I believe it is a good time to capitalize on the market for long-term gains, but it wouldn't hurt to know means of actualizing short term profit.
@trazzpalmer3199
10 ай бұрын
The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner.
@graceocean8323
10 ай бұрын
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
@MattDouglas-hj9wh
10 ай бұрын
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one.
@graceocean8323
10 ай бұрын
"Carol Pasol Lewis". You can easily look her up, she has years of financiaI market experience.
Best input I've ever heard from Steve.
I believe it. I’m not an economist. I’m just a regular guy. But I believe it’s gonna be bad. I’m on the street. I’m just a regular working guy. I see people struggling. With the mortgages. Rent. Credit cards. Food. Gas. I can’t debate you on economics. Government. Politics. Nothing. But I believe it.
These people are evil. Sell, so he can buy.
@simrans3675
11 ай бұрын
@AD-wb5eg
11 ай бұрын
Exactly is a transition of wealth through panic sell
Hard Landing indeed. Debating whether there will be recession or not is fools errands. Recession has begun already.
@MikeyPaper
11 ай бұрын
Cope harder.
Is that the same recession that has been coming next week since late 2021???
@mixnmichael1
10 ай бұрын
That's the 1. Just around the corner still.
@_NoHandle_
10 ай бұрын
I guess they'll keep saying it until it happens. Then they'll brag about being right. 🙄
@lindellgiles2573
10 ай бұрын
They all know it’s put on hold till after President Election. They will announce it in April & it’s going to be a new President that will blame it all on Biden
@gersonpina3053
10 ай бұрын
We’ve been in recession since 2021
@HateTheIRS
4 ай бұрын
@@_NoHandle_inverted yield curve
we've been in a recession since last fall.
@xicheng7046
11 ай бұрын
not yet
@samuelallen8945
11 ай бұрын
lmao literally - they keep changing the definition
@helpme100
11 ай бұрын
*some people vs others
@gabrielmoody1708
11 ай бұрын
Things were going south before the pandemic hit!
@supadave422
11 ай бұрын
Facts
CNBC should have a scorecard of returns for every guest they have offering guidance. It would be nice to see the track record over the last year, 2 years, 3 years for people offering financial advice.
@TheTruthSeeker756
11 ай бұрын
Amen, we need a Scorecard for these charlatans
@vinnymurugan4724
11 ай бұрын
I can tell you this. This Short hills Weiss dude has been sitting on cash (from what he says) so he lost to both inflation and lost gains of more than 8% average in total market. Only skills these idiots have is to talk non stop and keep changing their stance depending on how the stock ticker looks that day. In theory, total market on average moves higher in a long term. So keep buying and keep holding. You'll do better than these charlatans long term even more efficiently.
This recession is going to be just as bad as 2008 if not worse. Retailers are closing permanently due to theft like Target recently.
Check out interviews with him that was recorded 5 months ago. He was predicting the same doom and gloom. I'll come back to this video in half year time and I'm very happy that we're getting into fear mode.
i dont know about you guys but i am struggling to pay off my credit card debt right now due to high interest rate, eating into my fixed income.
Is this a replay? I can't tell because Weiss says the same thing every time I hear him.
@turdferguson3361
11 ай бұрын
Weiss is a joke
Do we believe investors have priced in the "future" recession? I think portfolio managers have already taken the rates into consideration and have planned for this.
Even if bond yields are rising while stock prices are decreasing, the markets are still skeptical whether the Federal Reserve will stick to its goal to raise interest rates until inflation is under control. As I'm still debating whether to sell my $401k worth of equities, what is the best way to profit from the current down market?
@maxwelltroy2375
11 ай бұрын
It's more challenging to create a strong financial portfolio, so I advise you to get help from a professional. You can then receive strategies that are specifically suited to your long-term objectives and financial aspirations.
@rineleff2009
11 ай бұрын
The best market strategy at the moment is working with a respected investing coach. I've been in touch with a coach for a time now, mostly because I lack the depth of understanding and mental toughness to deal with these ongoing market conditions. During this recession, I made about $700k, proving that the market is more complicated than most people think.
@gilbertbrien2280
11 ай бұрын
Due to the significant falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this coach?
@rineleff2009
11 ай бұрын
I have stayed away from all of the issues that the erratic market presents. Today, reading, research, patience, and seeking guidance when necessary are the greatest ways to break into the market. I merely copy Camille Anne Hector, a CFA, whose actions I witnessed on Bloomberg Business News because I am unable to handle my portfolio owing to the nature of my profession. Ever since, everything has been easy
@KarenLynnOlsen
11 ай бұрын
Educative Convo if I may ask this Mrs Camille you speak highly about does she accept beginners?
Sell offs are good cause we get to buy more shares for cheaper!! Bring it on!
The guy who is short 99% of the time is screaming world is ending? Nooo wayyyyy
If she knew her history, she would know the market goes down once the yield curve is no longer inverted and since the market leads the economy, the economy then falls with unemployment being the last thing to rise as companies report bad earnings. 1st quarter of 2024 is starting look pretty bad IMO.
UAW strike will have no impact as long as an agreement can be reached with little effect on prices as labor is only 5 % of total costs
@vinnymurugan4724
11 ай бұрын
but gotta scare people... FEARRR!!! These mothers8ckers was talking up Russia war and it's end of US equity markets not that long ago. They have moved on to 20 other FEAR topics over past half a year. If they don't talk there is no CNBC, so there you go.
How can these predictions be so wromg for consecutive 4 years. At this time there is enough proof for me to realize that people really are wanting the recession for their own gain and this is Not naturally occuring situation
@_NoHandle_
10 ай бұрын
Agreed.
@HateTheIRS
10 ай бұрын
@@_NoHandle_look at the inverted yield curve
@ssuwandi3240
10 ай бұрын
No wirries. Boomers will regret voting in Bribenomics.
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Mrs Maria Reyes
@adammontoya6325
11 ай бұрын
I'm surprised you know her. I've been making a lot of profits investing with her for a few months now.
@ibrahimbarakat5872
11 ай бұрын
Mrs Reyes changed my life because of the high profits I got from investing with her.
@colleenballinger5919
11 ай бұрын
You invest with Mrs Reyes too? Wow that woman has been a blessing to me and my family.
@lucascruikshank9605
11 ай бұрын
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much
@RebeccaLynn641
11 ай бұрын
she often interacts on Telegrams, using the user name below.
Consumers have been paying the price for corporate greed for decades. To see news anchors blaming workers for corporate greed is disturbing to say the least.
I agree it's going to be resection. Hard lending.
I am sooo soo scared foe what is just aboit to come on thw world...but my god will provide❤
These clowns have been predicting an imminent recession all year. We had a recession last year, but nobody acknowledged it.
@markhurley2882
11 ай бұрын
Because they want to be right based on their FEELINGS
Than God for Bren.
Steve is the only smart and realistic one on CNBC
Recessions are an inherent aspect of the economic cycle, and the key is to get ready and adapt. I entered the workforce during a downturn in 2009. My initial job out of college was as an aerial acrobat on cruise ships. Presently, I hold the position of VP at a global corporation, own three rental properties, invest in stocks and businesses, operate my own company, and have grown my net worth by $500k in the past four years.
@Rodxmirixm
10 ай бұрын
With supervision from an investment advis0r, I diversified my $401k portfolio across various markets, resulting in a net profit of over $850k within just a few months, thanks to high dividend-yielding stocks, ETFs, and bonds.
@ClementRusso2
10 ай бұрын
How can I get in touch with your advisor? I'm interested in finding a more effective investment strategy for my savings.
@Rodxmirixm
10 ай бұрын
My financial advisor is Stacey Lee Decker, a highly qualified expert in portfolio diversification. Research her credentials, she's a valuable resource for financial supervision.
@Jason9o669
10 ай бұрын
She seems quite knowledgeable and well-educated. I just Googled her name and found her webpage. Thanks for sharing!
@dht084
10 ай бұрын
Sounds like more fun than any of my first jobs. I could qualify as a booze tester on board a cruise ship. Or just Captain.
Maybe, but if people listen to your predictions a year ago we would be in a recession they would’ve lost out on stock market going up.
@vinnymurugan4724
11 ай бұрын
Weiss is a clown
And here we go!!!!!!
I like how Steve is honest on this clip and 100% right!
Today's housing price drived and manipulated to be OVERPRICE and worst unaffordable. How it could be sustain. Obviously it need deep correction by collapse of economy.
this weiss fella is the first to tell you the truth
Recessions dont happen slowly... we can not have a recession, corporations and banks had years to prepare, rates have 5% we can cut, we held up thru covid and russias war... like what catalyst breaks this market?
Love Steve he is so confident in his positions and backs it up.
If everyone says there will be a recession, recession will not happen. No one was calling recession in 2020, 2008, 2000. Only a handful of people called it during those times. The guys that called it prior was viewed as crazy and hysterical. Keep dollar cost averaging and ignore the noise.
Steve is almost never right
Once again the media and the stock market is lagging by about a year and a half. You've aleady been in a recession for at least that long.
No the Fed WILL cut rates. Powell has made it clear that once things start to slow down the Fed plans to use their "tools" to make adjustments to that slow down. But starting this slow down has been like turning a battleship around. And once it starts, look out, because things could get pretty wild!
come on, we've all seen this movie before. The Fed wont lower rates until they do, usually after something big breaks in the economic machinery.
"Uninversion" doesn't mean "no recession", in fact recession usually starts after yield curve uninverts.
it's good to see the market opens eyes on the reality ...
Most honest thing said all year
This is no longer a recession. Not even a depression. Its Much worse, this is A CURRENCY COLLAPSE! And the world's slow response to America losing its status as the reserve currency is the only surprise. Note that a weak dollar can signal an economic downturn, now i'm wondering what the best possible ways to hedge against inflation is. I know inflation is a money-eater. This is making me worry about my entire $879k savings!!!
@aureliobjm
11 ай бұрын
In my opinion, the impact of the rise or fall of the U.S. dollar on investments is multifaceted but learning how to grow your money has never been easier than now that you can explore and experience a truly diverse marketplace passively by using a well-performing wealth manager.
@georgeh.5126
11 ай бұрын
@aureliobjm I totally agree, having a wealth manager for investing is genius! Not long ago amidst the pandemic crash in March 2020, I was really having investing nightmare prior touching base with a licensed broker. In a nutshell, i've accrued over $839k with the help of my advisor from an initial $210k investment thus far.
@Bezosjesss
11 ай бұрын
@georgeh Inflation is over 8%. The stock market is down 20% this year. Keeping my money in bank could be no good but investing is riskier, I wish to find better value deals as asset prices keep decreasing but lack the skill set, mind if I look up your advisor? I admit this is the only way for amateurs like myself
@georgeh.5126
11 ай бұрын
@bezosjesss Sure, the advisor that guides me is HEATHER LEE LARIONI, I got to know her through my wife. It's my wife that has her number, but she's well-grounded and known, shouldn't be a hassle finding her page, just conduct a web search
@Bezosjesss
11 ай бұрын
@georgeh Just copied and pasted Heather Lee Larioni on my browser and her website popped up immediately, thank you for saving me hours of researching.
Steve has been wrong for the last time, if you are negative for a long term, at some point time you will be right :)
@mbojilov1
11 ай бұрын
Well, if you think he’s wrong again, go ahead and buy the dip.
@eddierosario1537
10 ай бұрын
He was right last year about the bear market
I am buying sacks of potatoes and going to cook and eat them 3 times a day. That is how I am dealing with Bidnflation.
"Who's gonna pay for salary increaess? You and everyone else... "... Why? Because as an executive I can't personally fathom a 4% reduction in my exorbitant income to facilitate an increase on my workers wages.
2:23 this man ❤
We're going into a recession? Really? So, a decade plus of every Central Bank on earth having 0% and negative interest rates isnt a sign of a recession to you 'experts'?
Stop trying to scare people, there is no big deal having a recession, the average person doesn't even know what the hell the definition of a recession is and they really don't care, because life goes on, recessions come and go and the average person doesn't even know it
How is the spread between GSCI Industrial Metals TR vs US bonds TR???
What's that woman smoking?
short hills capital was short at 3500 was completely wrong the entire year
well, the fed defiantly did a good job on expectations to make everyone so bearish to destroy demand... what if we're thinking of a hard landing and we already went hard and now it's softening and we have lagged effects that we are slowly watching to than have the NBER finally state we're in a recession in early next year or Q4 of this year next year and this is it and wish we had bought more equities etc lol always have that dry powder on the side just incase but sentiment is perfectly created masterfully...
These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market
@bleshjjdnit
10 ай бұрын
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.
@michaelphilips19
10 ай бұрын
financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 930k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2018, and I return at least $58k ROI, and this does not include capital gain.
@bleshjjdnit
10 ай бұрын
@@michaelphilips19 Is there any chance you could recommend who you work with? I've wanted to make this switch for a very long time now, but I've been very hesitant about. I'll appreciate any recommendation.
@michaelphilips19
10 ай бұрын
Have you heard of "Pamela Helynn Kirchoff? She gets featured regularly on CNBC. Everyone in my office works with her including myself. I personally use tax-deferred accounts to hold my investments. That way I avoid capital gains taxes. There are other options your advisor could brief you about.
@bleshjjdnit
10 ай бұрын
@@michaelphilips19 I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her.
Insurance rates..... +30% compared to last year.
And today's new generation of investors still can't let go of the Tom Lee delusion 🥴🥴🥴
Steve Weiss the portfolio churner
Look at prices of everything, can't sugar coat the lie
CPI was up 1.9% yoy if you strip out lagging shelter inflation.
this is all going to come to a head
Steve Weiss has been wrong all year.
As long as we spend less than last year OR Even better Balance or come close to Balancing the Budget we are on track for a Soft Landing or Just a Touch, Republicans NEED to HODL. May The Force be with US & illuminate the path to the Truth for ALL of US, ALWAYS 🙏
About a month later during a difficult time in the market, things looked darker. Now they are talking about a small chance of lowering interest rates in March 24 and a 70% chance in May, because inflation is being tamed and coming down. A Recession is not in the picture. You got to be careful with these Trader types making prediction because they only live for the day or week.
Bond market has been hard pressed to get the message out. Inverted now for awhile. Recession is going to happen. Steve is right. But will stocks fall more than the last few weeks. Yes and much more than most people expect. Why own stocks when bonds are paying in some quarters over 10% for investment grade lower credit rating.
@vinnymurugan4724
11 ай бұрын
yeah sell everything and show me the proof.
These clowns have called 84 of the last two recessions
@DeweyKendrick
11 ай бұрын
They talk...alot
This one is going to be a big one......splat.
Gotta say, Bryn is sure one hell of an attractive woman.
Shannon Saccocia, she lost her credibility when she mention yield curve getting flatter without talking about outright yield levels much higher
This discussion did not age well LOL
Cars are one of the worst financial drains on people...
What Rally???
Yeah this stock market isn’t the same as it once was. You can’t just simply buy and hold investments anymore and come out on top like the previous decades.
Weiss is correct...more inflation because of money printing.
Coming from the guy, Steve Weiss, who said JUMIA was a good investment
How can a small group of men decide the fate of multi millions? Shame!
These people flip flop on their position as bad as a politician wanting votes.
Student loans start next month and gdp revisions are next week.
We've already been in it.
stocks already "paid it forward" for a recession in 2022 that never came. If there is a recession, there is no guarantee stocks make new lows beneath Oct '22 levels.
@elpepelucho
11 ай бұрын
great point, I'm surprised more of the talking heads aren't using this argument.
@darylfoster7944
11 ай бұрын
There was a recession in 2022, but nobody acknowledged it.
@grenachegirl
10 ай бұрын
I haven't heard any of these people say there's three any of those below October. 4200 is target low. Almost there.
Nothing will happen.. Home prices are wayyy high building still full throttle. Nothing will happen the building continues
Student loans, uaw strike, high cost of living,. It's no wonder!