ITM Trading, Released on 12/16/24

“There’s clear that we continue to see a lesser use of the dollar… and it’s not going to all turn around because Trump somehow makes everything better,” Peter Grandich, publisher of Petergrandich.com, tells Daniela Cambone. In today’s interview, he cautions a decline in the global reliance on the U.S. dollar and doubts a dramatic turnaround under president-elect Donald Trump. Grandich also describes Trump’s tough tariff rhetoric against BRICS nations as “blustering” that could push these countries to grow stronger and more unified.

“A lot of people said that was the death of the BRICS. By the next fall, we’ll see …an acceleration for them to get even bigger and better.” He also cautions that the post-election euphoria in U.S. equity markets may be short-lived unless Trump achieves significant economic success quickly. “If he doesn’t show a lot of success, markets can become very vulnerable to a very strong downdraft,” Grandich warns. In the spirit of the holidays, Grandich concludes with a heartfelt Christmas message and blessings. Don’t miss this engaging conversation!

00:00 US debt
7:20 Historical bubbles
9:07 Fed’s rates cut
11:41 BRICS
13:46 U.S. stock market
14:52 Euro
16:01 Bitcoin
18:08 Gold
23:01 What is Peter concerned about?
25:20 Christmas message

Peter Grandich & Company specializes in retirement, business and estate planning, that operates with the slogan that they “enable common people to attain uncommon results.” The company was formed by Peter following decades of experience in the markets, having served in roles that include Chief Market Strategist, Portfolio Manager, and Head of Investment Strategy among others. Peter’s website – https://petergrandich.com/blog-posts/.

  dollar, economy, gold, peter grandich, Trump