Fed Has Nowhere to Run to, Nowhere to Hide -- Gordon T. Long #6023

Gordon and Kerry discussed the performance of the S&P 500 and its fluctuations due to COVID-19. They also explored the potential risks and impacts on the equities market, the role of Treasury Secretary Yellen in managing market liquidity, and the consequences of tighter credit and looser financial conditions. Additionally, they compared Gross Domestic Product (GDP) and Gross Domestic Income (GDI), highlighting the discrepancies and the impact of inflation on GDI. Finally, they examined the current state of the U.S. economy, expressing concern over the growing national debt and the continuous reliance on credit.

S&P 500, Gold, and Bitcoin Performance Discussion

Gordon and Kerry discussed a chart that depicted the performance of the S&P 500, highlighting its fluctuations and the impact of COVID-19 on its trajectory. Gordon emphasized the narrowing of the S&P 500 and the possibility of it going parabolic. He also pointed out a significant point at 51,86, which was reached and then immediately pulled back, suggesting a potential risk. Kerry brought up the importance of considering gold and Bitcoin's behavior. Gordon concluded by cautioning that they were at a major junction and it might be time to reassess the risk, given that the last 5% could be catastrophic. He also mentioned the possibility of a correction back to the pre-COVID high.

Gordon and Kerry discussed the current state of the equities market, expressing concern about potential risks and the possibility of a market downturn. They highlighted inflation as a potential trigger for a market correction and discussed the role of Treasury Secretary Yellen in managing market liquidity. They also discussed the impact of the Inflation Reduction Act and the potential consequences of tighter credit and looser financial conditions. Gordon compared the current situation to historical market trends and predicted corrections and attempts at a rally.

GDP and GDI Discrepancies Under Bidenomic..