ITM Trading, Released on 1/10/24

“We’re going to watch companies as early as March and April begin to actively refinance debts for the first time in 40 years,” warns Danielle DiMartino Booth, CEO, and chief strategist for research and analytics firm QI Research. Speaking with Daniela Cambone, she shares her concern about companies grappling with higher financial costs during debt refinancing before maturity, which could impact profits at current rates. DiMartino Booth highlights a disconnection between the claims of Fed officials, such as Janet Yellen stating the strength of the US economy, and the harsh reality of many Americans losing their jobs. She argues against any notion of a victory lap and points out that, despite a contentious political election, Fed Chair Jerome Powell is striving to remain apolitical, not favoring any political party.
In navigating the financial uncertainty, Booth advises investors to turn to gold. “Gold, for me, is the ultimate diversification vehicle at any and all times, whether there’s inflation or deflation in the background,” she concludes.

0:00 Economic status quo
2:38 The Fed
3:55 Inflation fights
5:22 The upcoming election
8:24 Promising sectors/housing
11:15 Gold
12:44 Banking sector
13:57 Corporate debt refinance

Danielle DiMartino Booth is Founder & CEO of QI Research, a research and analytics firm. She spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider’s Take on Why the Federal Reserve is Bad for America. DiMartino Booth began her career in New York at Donaldson, Lufkin & Jenrette and Credit Suisse, where she worked fixed income and the public and private equity markets. Danielle earned her BBA as a College of Business Scholar at the University of Texas at San Antonio. She holds an MBA in Finance and International Business from the University of Texas at Austin and an MS in Journalism from Columbia University.