Kitco News, Released on 5/20/21
The bond market is already signaling a rate hike from the Federal Reserve this year, according to Todd “Bubba” Horwitz of BubbaTrading.com. “I think they’re going to be forced, by the bond market, to raise rates this year. I think that they’re too far over their skis, and they’re basically too clueless as to what is going on in the economy,” Horwitz told David Lin, anchor for Kitco News.
0:00 – Fed tapering a “probability”
5:00 – Market reactions
7:56 – Taper tantrum
10:20 – Gold vs digital currencies
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.
Fed ‘forced’ to raise rates this year; stocks to throw tantrum, gold to rise – Todd “Bubba” Horwitz added by Herman James on
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