ITM Trading, Released on 8/12/24

“I still think there’s a 50 to 60% haircut coming to the markets,” warns Todd Bubba Horwitz, founder and CEO of Bubba Trading. In an interview with Daniela Cambone, Horwitz dives deep into the critical issues facing the U.S. economy, from the manipulation of interest rates by the Federal Reserve to the looming crisis in over-leveraged banks. He argues that the Fed’s interference is contributing to the destruction of capitalism, insisting that interest rates should be determined by the free market. “There’s a buyer and a seller, and they will find the correct rate,” he asserts. As markets face potential downturns, he advises investors to focus on solid companies and to protect their wealth by investing in physical metals like gold and silver.

00:00 Stock market
4:35 Recession
7:21 Inflation situation
8:58 Donald Trump’s view on free market
11:15 Jim Cramer’s view on gold
12:35 Lessons to be learned from global sell-offs
14:07 Gold
14:54 U.S. election

Todd Horwitz — known as Bubba — is chief market strategist of BubbaTrading.com. He is a regular contributor on Fox, CNBC, BNN, Kitco, and Bloomberg. He also hosts his daily podcast ‘The Bubba Show.’ He is a 36-year member of the Chicago exchanges and was one of the original market makers in the SPX.

  dollar, economy, gold, investing, recession, stock crash, stock market, todd horwitz