The David Lin Report, Released on 6/15/23

Adrian Day, CEO of Adrian Day Asset Management, discusses the impact of more rate hikes, which the Federal Reserve signalled at the latest FOMC meeting, on the economy.

0:00 – Market reaction to FOMC
2:25 – Fed “skipped” rate hike
6:40 – More rate hikes coming
10:47 – The Fed’s mistakes
12:25 – Impact of rate hikes
15:00 – Household wealth erosion
19:27 – Labor market
23:30 – Fed Economic Projections
27:51 – Outlook on markets
30:29 – Gold vs miners
35:00 – Downward pressure on the dollar
38:00 – Inflation
38:54 – Stock market

Adrian Day is the president of Adrian Day Asset Management. Mr. Day spent many years as a financial investment writer, where he gained a large following for his expertise in searching out unusual investment opportunities around the world. He has also authored two books on the subject of global investing: International Investment Opportunities: How and Where to Invest Overseas Successfully and Investing Without Borders. His latest book, widely praised by readers, is Investing in Resources: How to Profit from the Outsized Potential and Avoid the Risks (Wiley, 2010). Mr. Day is a recognized authority in both global and resource investing. He is frequently interviewed by the press, domestically and abroad. He is a popular speaker and frequently invited to lecture at financial conferences and seminars around the world. His pleasures include fine dining, reading (especially history), and the opera.

  Adrian Day, Fed, gold, markets