Latest / The Paul Barron Crypto Show / Trump Threatens To Fire Jerome Powell🔥Crypto Market Update

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Trump Threatens To Fire Jerome Powell🔥Crypto Market Update · The Paul Barron Crypto Show

• 0:06
  Speaker 1: Could Trump fire chair Pal and how would that affect
• 0:09
  Speaker 1: the markets today? We'll break it down for you. My
• 0:11
  Speaker 1: name is Paul Barrow, Welcome back in a tech path.
• 0:13
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• 0:16
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• 0:43
  Speaker 1: it out, you guys. I want to go to our
• 0:44
  Speaker 1: first clip, and this first clip is getting into chair
• 0:47
  Speaker 1: Pal talking about the tariffs and the impact on the
• 0:50
  Speaker 1: current market. Take a look.
• 0:53
  Speaker 3: Despite heightened uncertainty and downside risks, the US economy is
• 0:57
  Speaker 3: still in a solid position, is at or near maximum employment.
• 1:03
  Speaker 3: Inflation has come down a great deal but is still
• 1:06
  Speaker 3: running a bit above our two percent objective. The level
• 1:10
  Speaker 3: of tariff increases announced so far is significantly larger than anticipated,
• 1:15
  Speaker 3: and the same is likely to be true of the
• 1:17
  Speaker 3: economic effects, which will include higher inflation and slower growth.
• 1:23
  Speaker 3: Tariffs are highly likely to generate at least a temporary
• 1:26
  Speaker 3: rise in inflation. The inflationary effects could also be more persistent.
• 1:32
  Speaker 3: Avoiding that outcome will depend on the size of the effects,
• 1:36
  Speaker 3: on how long it takes for them to pass through
• 1:38
  Speaker 3: fully to prices, and ultimately on keeping longer term inflation
• 1:42
  Speaker 3: expectations well anchored.
• 1:45
  Speaker 4: Some people believe the FED will intervene in the stock
• 1:48
  Speaker 4: market plummets, the so called FED put are they correct?
• 1:56
  Speaker 4: I'm going to say no with an explanation.
• 2:00
  Speaker 3: Markets are struggling with a lot of uncertainty and that
• 2:04
  Speaker 3: means volatility. But having said that, markets are functioning conditional
• 2:09
  Speaker 3: on being in such a challenging situation.
• 2:11
  Speaker 4: Markets are doing what they're supposed to do.
• 2:13
  Speaker 3: They're orderly, and they're functioning just about as you would
• 2:17
  Speaker 3: expect them to function.
• 2:19
  Speaker 1: All right, I don't know that I would call the
• 2:21
  Speaker 1: market sell off so far orderly. The erratic nature of
• 2:25
  Speaker 1: the s and P. Five hundred, what we've seen with
• 2:28
  Speaker 1: gold going to all time highs, and you look at
• 2:32
  Speaker 1: the regulatory framework that is starting to play out right
• 2:35
  Speaker 1: now here within the stable coin market, there are a
• 2:38
  Speaker 1: lot of monetary policy actions going all at the same time.
• 2:43
  Speaker 1: Here's where CHERA. Powell talks a little bit more about
• 2:45
  Speaker 1: stable coins. Listen it.
• 2:47
  Speaker 3: During that period, by the way, we were trying to work.
• 2:50
  Speaker 3: We worked with Congress to try to get a framework,
• 2:52
  Speaker 3: a legal framework for stable coins, which would have been
• 2:54
  Speaker 3: a nice place to start. We were not successful. I
• 2:57
  Speaker 3: think that the climate is changing and you're you're moving
• 3:01
  Speaker 3: into sort of more mainstreaming of of of that whole sector.
• 3:05
  Speaker 3: So Congress is again looking at both both the Senate
• 3:08
  Speaker 3: and the House are looking at a framework, a legal
• 3:10
  Speaker 3: framework for stable coins.
• 3:12
  Speaker 4: You know, depending on what's in it. That's a good idea.
• 3:14
  Speaker 3: We need that there isn't one now and stable coins
• 3:17
  Speaker 3: are a product that a digital product that could actually
• 3:20
  Speaker 3: have fairly wide appeal and should contain consumer protections of
• 3:24
  Speaker 3: the typical sorts and transparency.
• 3:26
  Speaker 4: And that's what the Senate in the House are working on.
• 3:28
  Speaker 4: So that's a positive thing.
• 3:29
  Speaker 3: I also think some of the you know, we took
• 3:32
  Speaker 3: a pretty conservative and other other bank regulators took an
• 3:35
  Speaker 3: even more conservative perspective on on how on the.
• 3:38
  Speaker 4: Guidance and rules we imposed on banks.
• 3:40
  Speaker 3: I think there'll be some loosening of that, and I
• 3:42
  Speaker 3: think we'll try to do it in a way that
• 3:44
  Speaker 3: preserves safety and soundness, but that you know, permits and
• 3:48
  Speaker 3: fosters appropriate, appropriate innovation, but that that does so in
• 3:54
  Speaker 3: a way that again doesn't doesn't put consumers at risk
• 3:57
  Speaker 3: in ways they don't understand or or make banks lists
• 4:00
  Speaker 3: safe and sound.
• 4:02
  Speaker 1: All right, So leaning in on stable coins, and I
• 4:05
  Speaker 1: think this will be good, mainly because it's probably going
• 4:08
  Speaker 1: to be part of our banking ecosystem. Very soon. We
• 4:12
  Speaker 1: will get a stable coin bill this if not this spring,
• 4:16
  Speaker 1: for sure this summer. That August deadline is approaching quickly,
• 4:19
  Speaker 1: and I know Tom Emmer, who has been kind of
• 4:22
  Speaker 1: charged with getting this done, is going to make it happen.
• 4:26
  Speaker 1: Now here's Trump chiming in. He says the ECB is
• 4:28
  Speaker 1: expected to cut interest rates they in fact did for
• 4:31
  Speaker 1: the seventh time. And he's talking about jere Jerome Pale
• 4:34
  Speaker 1: being always too late and wrong yesterday or issue to report,
• 4:37
  Speaker 1: which is another an atypical complete mess. Oil prices are down,
• 4:41
  Speaker 1: groceries are down, all the things are down. USA is
• 4:44
  Speaker 1: supposed to getting rich on tariffs ECB is starting to
• 4:47
  Speaker 1: cut rates, So that would that be an indicator for
• 4:51
  Speaker 1: the FED to possibly go in and say, all right,
• 4:53
  Speaker 1: we've tamed inflation, we've stabilized the job market. I think
• 5:00
  Speaker 1: that's the question mark right now, because if the issue
• 5:02
  Speaker 1: is that Chair Pale and Trump still do not agree
• 5:06
  Speaker 1: around this, because remember we got the main meeting coming
• 5:08
  Speaker 1: up here in a few weeks. Likelihood is we're not
• 5:10
  Speaker 1: going to see another cut. That only heat things up.
• 5:13
  Speaker 1: Here was a clip from Trump himself talking about this.
• 5:16
  Speaker 1: Listen it, how you said that the termination of not
• 5:20
  Speaker 1: come fast enough?
• 5:21
  Speaker 3: He says, even if you ask you, Oh, he'll live.
• 5:25
  Speaker 2: If I asked him to, he'll be out of there.
• 5:26
  Speaker 2: But I don't think he's I don't think he I
• 5:30
  Speaker 2: don't think he's doing the job. He's too late, always
• 5:33
  Speaker 2: too late, a little slow. And I'm not happy with him.
• 5:39
  Speaker 4: I let him know it.
• 5:40
  Speaker 2: And oh, if I want him out, he'll be out
• 5:44
  Speaker 2: of there real fast, believe me.
• 5:46
  Speaker 4: All right.
• 5:46
  Speaker 1: A little bit flippant there, I think in terms of
• 5:49
  Speaker 1: his attitude toward the Chair of the Federal Reserves. So
• 5:53
  Speaker 1: this is where it gets interesting, because now I think
• 5:56
  Speaker 1: it's going to be a tit for tat type situation,
• 5:58
  Speaker 1: and it could get things a little bit unstable here, guys.
• 6:01
  Speaker 1: So maybe we haven't seen volatility top just yet. Here's
• 6:05
  Speaker 1: a clip talking about how this fight may play out.
• 6:08
  Speaker 5: Take a look so the gloves coming off. I think
• 6:12
  Speaker 5: this is really the first time we've seen the true gloves.
• 6:16
  Speaker 4: You don't hear coppidents like this. But he said power
• 6:18
  Speaker 4: is going to serve out his turn.
• 6:20
  Speaker 6: It's only till next to me.
• 6:21
  Speaker 5: But now he's got a nickname for him, calling him
• 6:23
  Speaker 5: too late. If you notice the way he's referring to
• 6:26
  Speaker 5: him is even the second instance, we're just.
• 6:29
  Speaker 4: Call him too late. Whoever his replacement's going to be.
• 6:32
  Speaker 6: By the fall, we're probably going to start hearing enough
• 6:34
  Speaker 6: rumors and trial balloons about it that that person it's
• 6:37
  Speaker 6: not quite the shadow fed chair Bessett was talking about.
• 6:39
  Speaker 4: But you start to move in that dire.
• 6:40
  Speaker 6: It's just funny to hear the President call out the
• 6:42
  Speaker 6: ECB while look.
• 6:43
  Speaker 4: At what they're doing. We should be doing the same
• 6:45
  Speaker 4: thing on other topics.
• 6:47
  Speaker 1: Right here, you've got China importing record amounts of Canadian
• 6:50
  Speaker 1: oil now after they cut their US purchases by ninety percent.
• 6:54
  Speaker 1: We kind of zoom in on that for you guys
• 6:55
  Speaker 1: to see. And of course if you look at that,
• 6:58
  Speaker 1: the West as we know it, knew it is no
• 7:00
  Speaker 1: longer existing. EU Commissioner says, we think US Terra Springs, Russell,
• 7:05
  Speaker 1: Brussels and Beijing closer. This is one of the things
• 7:08
  Speaker 1: that I'm in fear of because if you look at
• 7:11
  Speaker 1: the EU, they have often been in a position to
• 7:15
  Speaker 1: kind of play second fiddle to the US, and I
• 7:17
  Speaker 1: don't know that they really like that that role. Now
• 7:19
  Speaker 1: they might play second fiddle to China. The question will
• 7:23
  Speaker 1: be can China and EU work together in harmony, where
• 7:27
  Speaker 1: at least we've seen some harmony between the US and EU,
• 7:30
  Speaker 1: even though it hasn't been great if you can consider
• 7:34
  Speaker 1: you know, Victoria Newland. But anyway, that's another topic. Let's
• 7:38
  Speaker 1: get into this euroforms of Golden Cross, as could be
• 7:40
  Speaker 1: that the euro could hold up and maybe gain a
• 7:44
  Speaker 1: little bit more on the dollar if we start to
• 7:46
  Speaker 1: see this, because this is the first time we've seen
• 7:47
  Speaker 1: this since August, and I want to go to this
• 7:49
  Speaker 1: clip real quick because this clip will get into a
• 7:51
  Speaker 1: little bit more detail on whether or not the country
• 7:55
  Speaker 1: likes what the FED can do independently versus what Trump
• 7:59
  Speaker 1: thinks he should do.
• 8:00
  Speaker 5: Take a look, I would suggest, and I don't know
• 8:02
  Speaker 5: if you think this is right or wrong, that actually
• 8:05
  Speaker 5: the marketplace and the country.
• 8:09
  Speaker 4: Likes the idea that there's a FED that at.
• 8:11
  Speaker 5: Least thinks or is acting or pretending to act independently
• 8:14
  Speaker 5: of the president.
• 8:15
  Speaker 7: So you're not out stubbornly holding on to their position
• 8:18
  Speaker 7: just to make it seem like they're And.
• 8:20
  Speaker 4: That's that's why I said and dependent.
• 8:21
  Speaker 5: I agree with that too, But I'm just saying I
• 8:24
  Speaker 5: think in the scheme.
• 8:25
  Speaker 7: In hindsight, it might be the right time. It might
• 8:27
  Speaker 7: actually you know, we'll know in three months where the
• 8:30
  Speaker 7: economy is well. No, in three months, whether they should
• 8:33
  Speaker 7: have been cutting now.
• 8:34
  Speaker 5: Well, but I'll tell you I think that right now,
• 8:36
  Speaker 5: because Powell was considered an independent actor, he actually still
• 8:41
  Speaker 5: has some semblance of credibility to put.
• 8:42
  Speaker 4: A floor on the market.
• 8:43
  Speaker 5: I think if that you thought that the person was
• 8:46
  Speaker 5: also basically part of the White House, and you think
• 8:49
  Speaker 5: that Trump doesn't have the floor, I mean doesn't have
• 8:53
  Speaker 5: the put. That person doesn't have the put either.
• 8:55
  Speaker 1: Yeah, all right, So that's if you look at that,
• 8:58
  Speaker 1: and then the alignment of the popularity of Trump right now,
• 9:04
  Speaker 1: this is getting kind of sticky. Let me kind of
• 9:06
  Speaker 1: zoom in on this because right now it's fifty two percent.
• 9:08
  Speaker 1: This is in reference to just his presidency in general
• 9:12
  Speaker 1: of people if they approve or don't know. Right now,
• 9:15
  Speaker 1: fifty two percent disapprove. And this is the first time
• 9:19
  Speaker 1: that he's actually gone Below is actual twenty seventeen low,
• 9:23
  Speaker 1: which is even worse. But I anticipated that it could
• 9:27
  Speaker 1: have been even worse because of the fact that we
• 9:30
  Speaker 1: saw and are seeing such a huge impact on the
• 9:33
  Speaker 1: market in general. And then you add insult to injury
• 9:37
  Speaker 1: with Elon Musk of course being in there as the
• 9:40
  Speaker 1: Doge captain. Right now, the chance of Elon out of
• 9:44
  Speaker 1: the Trump administration in twenty twenty five Right now, people
• 9:47
  Speaker 1: are edging up right now, rating it at about a
• 9:50
  Speaker 1: seventy one percent chance. Let me know what you guys
• 9:52
  Speaker 1: think in the comments down below. By the way, if
• 9:54
  Speaker 1: you haven't subscribed to our channel, make sure and do
• 9:56
  Speaker 1: that right now. Just take a little bit of a time,
• 9:58
  Speaker 1: hit the subscribe button and jump in. We do these
• 10:01
  Speaker 1: shows like this all the time. If you're brand new,
• 10:03
  Speaker 1: thank you for coming in. Hit the bell. You'll get
• 10:05
  Speaker 1: notification as well. What we do things here on the show,
• 10:09
  Speaker 1: including our live streams. One clip I want to go
• 10:11
  Speaker 1: to is whether or not Trump can even fire Palell,
• 10:14
  Speaker 1: because that's the question right now that's being floated around.
• 10:17
  Speaker 1: Here's Elizabeth Warren saying, maybe not.
• 10:20
  Speaker 6: Terminate, not that he said he's going to do this,
• 10:22
  Speaker 6: but can he terminate Powell's chairmanship earlier than his end
• 10:27
  Speaker 6: in term? No, under no circumstance.
• 10:31
  Speaker 8: If Chairman Pell can be fired by the President of
• 10:35
  Speaker 8: the United States, it will crash the markets in the
• 10:37
  Speaker 8: United States.
• 10:38
  Speaker 6: But you have also been very vocal in terms of
• 10:41
  Speaker 6: wanting FED shair Powell to cut interest rate, especially when
• 10:45
  Speaker 6: he was raising and you and I have talked about
• 10:47
  Speaker 6: like maybe you shouldn't inject your politics into the FED.
• 10:50
  Speaker 6: That's that's essentially all he's doing here.
• 10:52
  Speaker 8: Oh, that's the question when he talks about terminating pal
• 10:57
  Speaker 8: come on his termination you think he was saying urmin Look,
• 11:03
  Speaker 8: I hope he was saying tournment. I think what he's
• 11:05
  Speaker 8: doing is testing the waters. Does he think he can
• 11:08
  Speaker 8: get away with firing Powell and all of you won't
• 11:12
  Speaker 8: raise any hell about that. He's checking that out and
• 11:15
  Speaker 8: I'm just saying for the strength of our country. I
• 11:18
  Speaker 8: hope all of you are pushing back at this point.
• 11:22
  Speaker 6: I don't think the market's alarmed about it, because I
• 11:23
  Speaker 6: don't think they think that that's where it's going.
• 11:25
  Speaker 8: Well, you know, if you want to rely on what
• 11:27
  Speaker 8: President Trump said a few weeks ago, that's fine. Are
• 11:30
  Speaker 8: you one of the people who relied on the fact
• 11:32
  Speaker 8: that he would never, never, never, back down from those tariffs.
• 11:35
  Speaker 8: Are you one of those people who said, no, no, Now,
• 11:38
  Speaker 8: what he's going to do is a ten percent across
• 11:39
  Speaker 8: the board, but no exceptions.
• 11:41
  Speaker 9: Oh?
• 11:41
  Speaker 8: Are you one of those people who said, I believe
• 11:44
  Speaker 8: the President when he said it's going to be the
• 11:45
  Speaker 8: exception for that donor and that friend.
• 11:49
  Speaker 1: All right, So Trump and Elizabeth Warton no love lost there.
• 11:52
  Speaker 1: But I think the point she's making is can Trump
• 11:55
  Speaker 1: fire the chair of the FED? I don't know if
• 12:00
  Speaker 1: if there's any groundwork here that even or any precedents
• 12:03
  Speaker 1: that even aligns with that. Now, could he influence him? Yeah,
• 12:08
  Speaker 1: I think there's some influence opportunity, But I do agree
• 12:11
  Speaker 1: with rarely do I agree with Senator Warren, But I
• 12:14
  Speaker 1: do agree that this would cause some volatility in the market.
• 12:17
  Speaker 1: And it might be volatility that would be a little crazy.
• 12:19
  Speaker 8: Now.
• 12:19
  Speaker 1: I saw there that they were saying on the clip
• 12:23
  Speaker 1: that they didn't necessarily believe that would happen. Now, granted
• 12:26
  Speaker 1: that's mostly Wall Street, and I think Wall Street has
• 12:28
  Speaker 1: a pretty good beat on this, but I think they
• 12:31
  Speaker 1: were surprised a lot of times also in the past
• 12:35
  Speaker 1: just one hundred days of how much of an impact
• 12:38
  Speaker 1: these tariffs would have had, because I think a lot
• 12:40
  Speaker 1: of more people would have gotten out had they known
• 12:42
  Speaker 1: that A majority of Americans now want Congress to block
• 12:45
  Speaker 1: Trump and his tarifts polls, And I'm going to go
• 12:48
  Speaker 1: to this clip real quick because this is getting into
• 12:50
  Speaker 1: Warren also talking about they may enact Congress to get
• 12:53
  Speaker 1: this done. Take a look excusing like.
• 12:55
  Speaker 8: You are asking the right question. So the statute is
• 13:00
  Speaker 8: Congress can say at any point not an emergency, and
• 13:03
  Speaker 8: that rolls back the ability of the Trump administration to
• 13:07
  Speaker 8: do this up down, red light, green light on terrace.
• 13:11
  Speaker 8: So we are going to have a vote on that
• 13:13
  Speaker 8: in about two weeks.
• 13:15
  Speaker 4: You're never going to get the votes.
• 13:16
  Speaker 8: You're not going to get the votes. We got it
• 13:17
  Speaker 8: in the trade war with Canada. It was the first
• 13:20
  Speaker 8: crack in the wall. We got four Republicans who crossed
• 13:23
  Speaker 8: the aisle that gave.
• 13:24
  Speaker 6: Us some It ultimately doesn't matter, what do you mean.
• 13:27
  Speaker 8: It ultimately doesn't matter.
• 13:28
  Speaker 4: This is the law changed.
• 13:33
  Speaker 6: He has the authority.
• 13:34
  Speaker 8: Ultimately, well, no, he does not have That's the whole point.
• 13:37
  Speaker 8: He does not have the authority. If Congress does not
• 13:40
  Speaker 8: let him keep this authority, we can take this away.
• 13:44
  Speaker 8: Can I get declared an emergency? That's what gives me
• 13:46
  Speaker 8: the authority, otherwise it plunged to Congress.
• 13:48
  Speaker 4: You very much.
• 13:49
  Speaker 6: Never did I think you would be sitting here defending J.
• 13:51
  Speaker 6: Powell and the markets against terrace.
• 13:53
  Speaker 4: I hear you would.
• 13:55
  Speaker 6: Thank you.
• 13:55
  Speaker 1: A couple of points from that clip is that they're
• 13:58
  Speaker 1: going to need a super majority get this done. For
• 14:01
  Speaker 1: that to occur. I just don't think it's going to happen.
• 14:04
  Speaker 1: So the likelihood of this even getting into that kind
• 14:07
  Speaker 1: of phase just probably will not occur. Now, with that
• 14:11
  Speaker 1: being said, you also have to kind of look at
• 14:13
  Speaker 1: what is happening from the constituents of all these congressmen.
• 14:17
  Speaker 1: And if you look at this right now, broadly speaking,
• 14:19
  Speaker 1: fifty eight percent of Americans believe that Trump's policies are
• 14:21
  Speaker 1: making costs go up. Fifty two percent stated they believe
• 14:24
  Speaker 1: his policies are making the stock market go down. I
• 14:27
  Speaker 1: agree that there's almost every money manager I know has
• 14:30
  Speaker 1: said it's Trump, and a plurality of respondents say forty
• 14:34
  Speaker 1: nine percent said that Trump's economic actions will make them
• 14:37
  Speaker 1: worse off financially. And that is a huge leap from
• 14:42
  Speaker 1: where this looked going into his presidency, you know, in
• 14:46
  Speaker 1: the past six months, back in November and when we
• 14:50
  Speaker 1: saw markets really at an all time high going in
• 14:52
  Speaker 1: as his presidency was confirmed. You know, so this is
• 14:55
  Speaker 1: getting a little bit out of hand. When you look
• 14:58
  Speaker 1: at the gold chart, one of the things you got
• 15:00
  Speaker 1: to be aware of is gold could be in that position,
• 15:04
  Speaker 1: kind of that Goldilocks phase where it's just in the
• 15:07
  Speaker 1: right place where it could reverse. Now, Michael Gaaid said
• 15:11
  Speaker 1: that there are two strategies here. One of course, is
• 15:14
  Speaker 1: when you look at margin calls coming into the primary markets,
• 15:18
  Speaker 1: typically traders will go after the things they've made money
• 15:22
  Speaker 1: on first, so they will sell the things they made
• 15:24
  Speaker 1: money on. Do you guys do that on crypto? I
• 15:26
  Speaker 1: think most of you do. I know I do that.
• 15:28
  Speaker 1: So if the liquidity is coming out of gold That's
• 15:32
  Speaker 1: what he's saying, is that we could see a reversal
• 15:34
  Speaker 1: on that. That would be a very interesting thing because
• 15:36
  Speaker 1: gold has really been the only safe haven from these
• 15:39
  Speaker 1: tariffs going forward. Here was Mike Alfred talking about one
• 15:43
  Speaker 1: of the things that could happen, and that is taking
• 15:47
  Speaker 1: a look at the market. Here's Nvidia ANAMD down ten percent,
• 15:50
  Speaker 1: Pallunteer tasseled down, Bitcoin minors are less down, and then
• 15:56
  Speaker 1: of course master are also down less than one percent,
• 15:58
  Speaker 1: and then tradfires crash. While bitcoin is stable. It's been
• 16:02
  Speaker 1: holding above the eighty k mark fairly well during all
• 16:06
  Speaker 1: of this volatility over the last couple of weeks. So
• 16:08
  Speaker 1: you look at that, and then you also look at
• 16:10
  Speaker 1: the potential here. I don't know if I believe this.
• 16:14
  Speaker 1: This is just, you know, Alfred saying it in the
• 16:17
  Speaker 1: sense that he's got some inside that there was a
• 16:20
  Speaker 1: call with key crypto and finance people saying that they
• 16:23
  Speaker 1: might be selling America's gold reserves to bring China to
• 16:26
  Speaker 1: the table. Would that I don't know if that would
• 16:30
  Speaker 1: bring Now, granted China holds a ton of gold, that
• 16:34
  Speaker 1: would cause a huge market position downward, but where would
• 16:38
  Speaker 1: they put the cash that's the question mark going. I
• 16:42
  Speaker 1: think this is a big game of chicken right now.
• 16:45
  Speaker 1: So based on that, black Rock still has a little
• 16:48
  Speaker 1: bit of purchase here in terms of Bitcoin. But also
• 16:51
  Speaker 1: they have also been proven that they are actually supporting
• 16:55
  Speaker 1: the ETF, so we haven't seen big outflows on the
• 16:57
  Speaker 1: ETF side of things. So is there something brewing here
• 17:01
  Speaker 1: that the market knows going into maybe a next run
• 17:06
  Speaker 1: on crypto? I think a lot of people are trying
• 17:08
  Speaker 1: to figure that out right now. One question though, that
• 17:11
  Speaker 1: investors are asking is should they use this rally if
• 17:16
  Speaker 1: we do see a run to reduce risk and start
• 17:19
  Speaker 1: to maybe rebalance your portfolio. Take a look at this clip.
• 17:23
  Speaker 9: We are looking for this relief rally to continue here
• 17:26
  Speaker 9: in near term, but ultimately to fail for potentially a
• 17:29
  Speaker 9: lower low. So we think there's still risk. We've been
• 17:31
  Speaker 9: encouraging folks to use the relief rally to reduce exposure.
• 17:36
  Speaker 9: We like gold, we like short term treasuries. There are
• 17:39
  Speaker 9: places to sort of park your money while this is happening.
• 17:44
  Speaker 9: I think we're already in the midst of a bare cycle,
• 17:46
  Speaker 9: and you can see that in the long term gauges
• 17:48
  Speaker 9: like our monthly MAC deindicator, and eventually we do look
• 17:52
  Speaker 9: for the secular bull trend, which is still intact to resume.
• 17:56
  Speaker 9: I think that maybe either later this year or sometime
• 17:59
  Speaker 9: twenty twenty six.
• 18:00
  Speaker 7: We've seen gold and bitcoin divergs.
• 18:02
  Speaker 9: And why I just think bitcoin's being treated like a
• 18:05
  Speaker 9: risk asset. The correlations between bitcoin and the NAZAQ one
• 18:09
  Speaker 9: hundred are high right now, but they are cyclical. It's
• 18:12
  Speaker 9: kind of funny they sometimes are. Bitcoin and cryptos are
• 18:16
  Speaker 9: sometimes viewed as risk assets, sometimes more aligned with gold.
• 18:21
  Speaker 9: So we'll see how that flushes at. But right now
• 18:23
  Speaker 9: it's being treated as a.
• 18:24
  Speaker 1: Risk asset all right, so you can kind of see
• 18:27
  Speaker 1: the variation right now. It's getting dicey on how to
• 18:30
  Speaker 1: play these markets. This is one of the most complicated
• 18:32
  Speaker 1: trades I think that I've seen in my career around
• 18:36
  Speaker 1: just asset investing in general, and also talking to a
• 18:39
  Speaker 1: ton of money managers. They're kind of in the same
• 18:42
  Speaker 1: position where right now they feel like there might be
• 18:45
  Speaker 1: a rally. If there is one coming in for whatever reason,
• 18:48
  Speaker 1: it's still good be the beginning of a bear market. Now,
• 18:51
  Speaker 1: with all of that being said, you've got to consider
• 18:54
  Speaker 1: China's position as really the primary thing that would at
• 18:58
  Speaker 1: least help the market rally here, of course, is Jensen Wong,
• 19:03
  Speaker 1: who's the CEO of Nvidia, now visiting China. He's arriving
• 19:07
  Speaker 1: in Beijing for talks with Xijiping, and the question will
• 19:11
  Speaker 1: be is he fading a little bit of maybe he's
• 19:15
  Speaker 1: the emissary for Trump trying to figure out what the
• 19:17
  Speaker 1: Chinese are willing to do, or it's possible that Jensen
• 19:21
  Speaker 1: could come back and maybe talk some sense into President
• 19:25
  Speaker 1: Trump to reorganize a potential two sided win and put
• 19:30
  Speaker 1: a deal together. All of that still pending. It is
• 19:32
  Speaker 1: affecting the markets in a big way. You guys, make
• 19:35
  Speaker 1: sure and jump into the Diamond circle. It is the
• 19:38
  Speaker 1: place to get additional content from us, and during these
• 19:40
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• 19:44
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• 19:46
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• 19:48
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• 19:50
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• 19:53
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• 19:55
  Speaker 1: next time right here on'll tech Bath.
• 20:00
  Speaker 3: You