This is the full transcription of podcast 'Wall Street Unplugged with Frank Curzio' - These stocks will climb as inflation falls.
#Podcast #Transcription #ReadAlong #KnowledgeUnlocked
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This is the full transcription of podcast 'Wall Street Unplugged with Frank Curzio' - These stocks will climb as inflation falls.
#Podcast #Transcription #ReadAlong #KnowledgeUnlocked
Wall Street unplugged looks beyond the regular headlines heard on mainstream financial media to bring you unscripted interviews and breaking commentary Direct from Wall Street right to you on main It's August 10th Frank Curzio host the Wall Street unplugged pockets where I break down the headlines and Tell you what's really moving these markets So we have interest rates down a dollar down stocks surging why? Because We finally got a positive CPI reading consumer price index That's the gauge the Fed looks at the world looks at to determine where inflation is going even though It's a BS gauge and we know that been revised numerous times We know that rental income which continues all rents continue to go higher and higher that caps for 30% of this index however, finally finally It showed positive signs that inflation is moderating where rose 8.5% year-over-year That was less than 8.7 that was expected with the core which strips out food and energy that came in flat under the 0.2% increase (1/35)
that was expected again, that's year-over-year, but More importantly month-over-month, which what the Fed is really focusing on both CPI and core rose less than expected I'm gonna throw some numbers figures at you. I want you to pay attention You Know some of you listeners right now saying Frank. You know what? We're talking about inflation at 8.5%. We're celebrating this the marks going higher Most prices still high they're not gonna take those price hikes back at least some of them are until they see less demand They're gonna be forced to lower the prices And sure gasoline price are at what 375 380 on average, but they were three dollars a year ago Food prices are still very high rents still high electricity still high You're saying hell almost all my bills that I'm paying are still much higher than they were a year ago And you know what? You're right. So before you say Frank, you're an idiot to say this is positive. It's still going higher. I Get it. I pay my bills too. I like the (2/35)
Fed who doesn't get it but from a market perspective or how this is gonna impact your portfolio whether it's Personal portfolio retirement point for one K, whatever it is. The reason why most of you listen to this podcast This is great news because the first time the CPI shows inflation is moderating this year Basically, since the Fed started aggressively raising rates It's supposed to happen four months ago three months ago two months ago last month and it didn't happen finally with this rating it happened I thought it would happen last month So what does this mean it means? That the Fed going forward is likely going to slow the rate of interest rate increases Which basically puts a floor on the market And likely means that we already bottomed in early July for now. It's one reading Talk about more about this in a second But it's definitely a positive Now it also removes the negative headlines from other Fed presidents like Cleveland Fed president Loretta Mesta St. Louis Fed president (3/35)
James Bullard one of my favorites Richmond Fed president Tom Barkin and San Francisco Fed president Mary Daley who in the past few weeks Publicly said that rates need to go significantly higher because they did not see any signs of inflation Moderating had a massive rant on this and shows you why there's such a disconnect between what the Fed does I don't know who they hang out with. I don't they lock them all in a room and now I'll talk to somebody I don't know if they never pay their bills. Maybe they just filthy rich but for them not to see what is going on that inflation is monitoring so many places was crazy and Some of them suggested that we should be at 4% the Fed funds rate this year We're only at two and a half percent this year No one hips have rise after being from zero to two and a half now They wanted to be 4% saying they're not seeing any evidence any evidence at all Even though it was in plain sight over the past six weeks Seven weeks copper down 40% lumber got cut in (4/35)
half Oil was 130. It's 90 gasoline prices down over 25% mortgage demand falling off a cliff supply chains Easing showing that demand is slowing. They're saying that demand is slowing There's actually container ships that are staying lower and lower on these lots because the manage is slowing Retailers Walmart Target across the board saying inventory levels are incredibly high which means gonna have to sell these items as steep discounts Which will take months to do so right that's deflationary. These are signs. I'm not saying that it's great I'm not saying inflation is not here. I'm not saying price or but from a market perspective This is the most important thing you have to focus on the Fed don't fight the Fed don't go pay That's why stocks it was a by the dip for 10 11 12 years It's credit crisis by the dip by the dip by the dip by the dip because the Fed was keeping rates low forcing rates So they kept them low and they were also buying bonds so Now when you raise rates, it's (5/35)
totally different but when you're looking at inflation It's clearly moderating in some places and that's what we need to see But these Fred presidents that I just named they were saying this publicly there's over the past few weeks and This flies in the face of what Powell the Fed chair is saying Because you didn't hear him say 4% at all. He I wasn't on the table. You didn't say that But that confuses the hell out of the markets it confused the hell out of investors the institutions on what to do because you're contradicting Basically, I'm just gonna say his boss and like you can find but you know, he's the chair But I'm quoting here. This is what Powell said. This is six weeks ago He told Congress the pace of interest rate increase will continue to depend on the incoming data and evolving outlook for the economy it's a Inflation still wildly out of control and we got to raise rates incredibly and all these guys had have said this and these people have Said this Fed presidents were all (6/35)
completely dovish Pre 2022 it's transitory. We're fine. We're fine. We're fine That's what they said now It's great that they're saying this because you just have to do with the opposite of what they do and usually you're gonna work out perfectly fine But these Fed presidents they need to be muzzled put tape over them out shut them up I mean no idea why these guys are allowed to speak publicly and contradict their chair Which is Powell which makes predicting what the Fed is going to do very very difficult And I've said this a million times over the past 15 years I do this podcast Uncertainty is the death of stocks. It's the death of equities It's like me talking to my shareholders about my company after my quarter saying yes We're seeing growth I expect to be strong over the next 12 months probably gonna do some hiring and then members of my board who are not even Like the CEO or the C whatever right I could be chair, whatever They start speaking all over the world that convert is (7/35)
saying no no courage their research. They're not gonna go that fast Inflation is gonna hurt us. We got to be careful Think about that if you contradict what the boss says publicly Publicly whatever happens behind closed doors or whatever you have disagreements whatever that's your partners for right, but publicly all have to be in the same page If not, that's grounds are being fired if you're going against your boss basically, and they can't be fired right they're voted in but think about that how crazy it is I Remember when it comes to the Fed especially since 2008 2009 Those have been following even earlier again from 2008 2009 They made it policy to be more transparent to tell the public ahead of time right testifying before Congress You're seeing all over TV now. Whatever really was was broadcasted on CNBC where you had the Fed chairman Testifying in front of Congress now. It's a very big deal Because they've more transparent. They tell you what it plans on doing the Fed in regard (8/35)
to interest rates They're balance sheet over the next three to six months This way there's no surprises Because what happens when we see a surprise move by the Fed the most powerful nation in the world where if they get it Wrong the entire global economy falls into recession people lose their jobs people die if they get it wrong We see the markets what for 11 to 12 weeks Right this happened in November where they totally like transitory transitory transitory said holy shit We are so wrong inflation's out of control and we're gonna have to raise rates super aggressively over the next 12 months to try to control it and stop we Don't know we're doing and what happened markets crashed That's like felt 30% many stocks 60 70 80 percent because massive deleveraging holy cow You're not just like slowly raising rates. You're talking about going from zero to two and a half three percent immediately Remember in November where we're going you look at the reports. Oh, we're gonna be at 1% the end (9/35)
this year Oh, it's gonna be one and a half two percent then all of a sudden it's three three and a half percent. Whoa, I Mean, this is a major factor going from zero to two and a half It's like you're losing a football game 80 to nothing That doesn't happen in that time period you have to let it filter through and it's filtering through it's not like wow We're seeing prices decline all of a sudden they're gonna go high you got you're seeing you factor in it's getting hard to borrow money You seen things shrink not everything of course, I'm not here saying wow, we're good It's it everything so no, but right now based on the data today, which we've been saying I Hate saying that we've been saying it sounds arrogant because you know again Wrong on some things and I'll cover that in a minute one sector that those bias is screaming by now But there's clear evidence that it's working and the reason why you could see I've never seen it work this fast We're in a six-week period Boom holy cow (10/35)
copper prices Wheat prices the corn prices Wow energy 130 everybody bullish. It's 90 Gasoline prices are down Tremendously, they're down. Yes. They're still up 20% year. We had 25, but they're down incredibly But the Fed you don't want any surprises. That's why they come out and tell you Hey, this is what we're going to do But when you have fed governors going everywhere and it's getting picked up by all but you look at Bloomberg Look at briefing calm you look at all these services whether it's You know cap like all these news feeds are picking up what these Governors are saying and they're even mentioned on CNBC Wow They expect 4% raise 4% rates if we go to 4% we have another 20 25 percent downside here There's no way they should go to 4% that would destroy the market in 2023 It would destroy and that's why we rose so much off July the market usually knows ahead of time What's gonna happen? Don't fight the markets and the markets have been rising rising rising and now look where we (11/35)
are Now This is just one positive reading just one so the point is when you look at the Fed September's our next meeting They were supposed to raise 50 75. It was kind of split 75 base point except time 75 is what I sometimes now off the table market expect a 50 base point hike Okay, that's okay But There's mounting evidence That the current rate hikes are starting to work which means the Fed is likely after that rate hike They're gonna come out and either say We're not gonna raise rates or they're gonna be dubbish Which they haven't been in a while Which crushes markets? I'm gonna say you know what wait and see things look okay. It's heading in the right directions We see what's going on. It's a soft landing May have bottomed you can argue. What's the definition of recession since we're changing that now two straight quarters negative GDP But maybe we don't fall into research softer landing unemployment stays pretty strong But we're seeing inflation moderate so many different things (12/35)
not everything not rent not really food But in a lot of things especially energy which impacts all of us and we see that I see that it was costing like $110 to fill up my tank now. It's like 90. It's a big difference Especially for me since you know We're moving and we're driving like crazy back and forth woman probably anyone that drives in a country right now other than truck drivers But that's the big theme that's why stocks are going up so much so when you're looking at it from there's a difference between personal there's different see what the markets want to see what your stocks want to see and they overshot completely and Now you seen them catch up so the Fed right now if we come out you're looking at August and you say well What's gonna happen if inflation starts rising again, and it could I'm not saying I can't but why? If you're looking at the data right now It's it's probably gonna come in at a much better reading than even this month If we continue on this pace to just (13/35)
stay this way because energy prices are for energy prices are down over 10% Just this month and this is the data that's being included in the next reading So, let's see what happens So this is going to be the August date is gonna be reported right now a month from now September 10th and then you have the Fed that's gonna come out and they're gonna They're gonna look at that and the month and this month's reading and say okay, we're moderate But even when you're looking into next quarter We're still seeing inflation moderate but more point we've seen supply chains ease because you don't have this massive demand and that's very very important Where companies could be more predictable? Whether it's car companies chip companies any electric company that uses a chip could be more predictable now And that's why you're seeing companies like Apple really surge Seen other names in a chip sector technology surge, but looking at the numbers right now The Dow today is up one and a half percent (14/35)
doing this around 1130 That could change who knows when news comes out these days But you're seeing across the board your short and there's net shorts have been building these positions Building building building these positions. I'll be surprised if maybe I don't know you can't predict what the markets gonna do I like to throw it out there and if I'm wrong, I'll say I'm wrong But the shorts here there's a lot of people short this market right now saying we came back too fast and You might say you know that that's right Because the S&P 500 is now at 15% from its lows and we say it's lows basically since July 1st The Nasdaq's up 20% from its lows. You're like, holy shit Nasdaq's up 20% a lot of your names You're seeing up a lot more than that But the S&P right now is still down 12% for the year. The Nasdaq is still down 18% for the year That's how much we sold off Now people like wow things are still bad We're probably gonna be in a recession and you know We have inflation going create (15/35)
and you saw those short positions and people go more net short just going short You might see a little bit more covering because right it's dangerous at the Fed comes out September and just is a bit dovish I don't know if they'll actually say we're not gonna I don't think they're gonna say we're not raising rates because they just want to Look because they got it so wrong in the past. They don't want to get it wrong this time But they're gonna say hey right now it's working We're seeing inflation moderate which is good And we're also having a soft landing where we don't have to raise to the point where it's going to hurt the economy so much We do fall into a deep recession if you don't agree. We're in recession now But if that happens, it's gonna be very tough to be short this market right now. Maybe short certain sectors Yes, that makes sense But the overall market is going to go higher if the Fed is done September and right now looking at the next date and the Readings with energy (16/35)
being a big component There's a good shot. We are going to see inflation plus with the interest rates again It's not like one month change Right when it comes to inflation you see it moderate because what the Fed is doing is working It's working and it's gonna continue to work It's gonna continue to be a drag on the cut to slow it down and pull right so think about You're pulling something right if you're running and you got these ropes around you you're holding someone back You're not gonna let them go. It's not like old inflation. The ropes are still there. It's still slowing That's what happens when you're raising interest rates You're raising rates you're slowing the economy down and you're seeing it and you know deleveraging and a lot of these sectors. However You need to see it moderate. You don't want to see continue pulling right you continue pulling even harder Which means you're raising rates. Well right now what you're doing is working. You're starting to see that train was (17/35)
going downhill He couldn't stop it. It's starting to slow so so so so and it should continue This is the way it's worked in the past. It should continue to ease Which is gonna make the Fed in a prime position to say look, okay We're doing our job. It's working right now and Let's see and powers gonna say we're gonna take a look at the data But right now, you know, we might help rate steady for the rest of the year. And if they say that The markers are probably at least 10% undervalued right now. Maybe we still finish down for the year But you're gonna see a nice comeback even further than we come back since July Now we look at sectors and it's important to look at sectors right who's gonna benefit from this report banks a Lot of times the podcast I say well, this is what I said or whatever. Well, you know what? I was wrong in the banks. I told you buy banks Six months ago and the whole entire market collapse. I didn't think you see that much of it deleveraging that quickly And I was (18/35)
wrong on that but banks are in prime position You might say Frank. Wait a minute, you know, they benefit from higher rates or net interest margins But you're saying that the Fed could slow down they're gonna slow down. They're not gonna reverse it They're gonna reverse it and go to zero again At least not for the next 12 18 months and 12 months you could say so they're benefiting right now that that interest margins are Incredibly incredibly high right the skyrocketing gonna be over 30% from where they were last year So yeah, the Fed may celebrate it so the rate of rate hikes or say hey We're gonna hold still at least for the next six months or so. That's great for the banks Just now they're generating a ton of business Which that part of their industry sucked for such a long time and this margin were horrible the lowest levels you have interest rates low But now they haven't really raised their rates on Checking savings and things like that But rates are going higher and higher where (19/35)
they lend money out and they're making a lot more money plus Now you have the double benefit not just from fees Well, not just from this part of the business and interest margin interest rates, but fees Which was their bread and butter but that kind of went away because the market collapsed so much So you didn't see a lot of M&A's IPOs have been shelved So Yeah, you said trading activity. Okay, but you know for places like Goldman and stuff I think Morgan Stanley's training activity was as good But now you're gonna see both ends of this where it's their fee structure and the interest rate structure and you're hearing this from banks They've been saying this for six nine months when interest rates go higher. They're like we are in prime position and They are in prime position. That's why they're raising their dividends They're buying back stock because they're not really allowed to lend it all out because of crazy laws that still exist which is nuts but it ensures that our banks are in (20/35)
Good standing so you should own banks even large ones. You can go a little bit more aggressive You can get the JP Morgan's and do well nice dividend and some of the bigger ones and maybe you know The top four or whatever as you're researching them, but throw banks in your portfolio. I Get nice dividends. You're gonna see strong growth earnings are gonna explode going forward But now you're taking kind of like that that really deep recession off the table if you're selling that interest rate hike and that's gonna Be great. We're gonna see M&A activity come back IPOs come back that have been shelved over the past six nine months and That's gonna be great for a lot of these banks investment banks And a lot of these names that's a sector that should benefit tremendously Aggressive sectors that have gotten annihilated small caps very aggressive with small caps Cheapest they've ever been now This is great and the dollar doesn't really hurt them right because the dollar is good Most of these (21/35)
companies are small caps to do business in the US and business overseas So they don't get hurt as much and that has been cheaper small caps compared to large caps have been cheaper than almost any time In well over a decade not to mention if you're just looking from the price of growth perspective It's never been cheaper other than last month still it's at levels We haven't seen in my research dating back for 22 years. That's how much small caps sold off So you have to look at how much these stocks sold off You can't just look and say why I never looked at the small cap and next I have no idea what's going on But I'm a little worried about the market Well if small caps only sold off 10% During this time frame I'd say well you got to be careful But they sold off 30 35 but some of these names are down 60 70 percent in biotech And you look at the technology companies tech sector across the board even large cap tech have sold off tremendously But you know what supply chains are easing So (22/35)
start looking at companies that got hurt from supply chains because the next six months the next two cores They're probably gonna say hey They're easing now and we have more predictability where? Even the car companies when we get out more of these EVs now More money with the chip bill just passed so chips companies, you know tech companies and also You know semiconductor companies two areas should be looking as well small caps as well as crypto Well you saw aetherium get murdered and I've been telling you 90% of crypto is BS And it's nice to see this filter out because this is where all the innovations coming from Dow metaverse NFTs DeFi this is where it's coming from the innovation the innovation part is coming from this where everybody's going is where all the major technology Companies are spending a ton of money. This way innovation is coming Got rid of a lot of the BS But there's still 10% industry are great names that we were researching so we see a theory for the 800 themes (23/35)
1800 today was 800 a month ago Bitcoin you seen catch a bid now you're gonna see all these institutions you heard fidelity come out and say hey We're gonna offer 20% Allocation to retirement accounts pretty soon Be sure to listen to tomorrow's interview because it's a great interview about Bitcoin IRAs. Please listen to that give a little shout out It's gonna be a great interview tomorrow But you look at Bitcoin some of the good ones some of the good names here There's avalanche and a couple others I won't mention but we have a lot of good names on our portfolio that are starting to rebound sharply after selling off Tremendously even the great name sold off tremendously because it's a leveraging Now you get to see some of these names start bouncing back you sort of ready some of them up 25% 30% Ford's up tremendously from its highs if their supply chain eases Ford is a great investment going forward And I've been critical of them for a long time all the way down Because CEO has been (24/35)
lying about the supply chain concerns and the fact that they're like we're going 100 set EVs Even though you right now they actually for came out and said we can't make money on EVs That's what they just raised the price of the f-150 Lightning. They just raised the price of it because they can't right now They're not making money on their EVs That's how much the cost have been rid batteries and everything across the board So You have to sell more gas vehicles and they're like we're getting out of gas No, you have to sell more gas figures which they did last quarter and you saw those numbers explode So great sales for last month for it So start looking at car companies start looking at names and chip sector that have gotten hit hard Because that's gonna start easing right now. And now when you have the feds saying hey, you know what we could put again It's one month of data, but it's positive and usually when you see this what's happened last month Last month we saw easing it's still (25/35)
relatively high It's very high but you want to see that trend coming down because it's gonna result in the Fed being less aggressive and That's the biggest risk of the market of them raising too much too high and overshooting If they do that, that is the biggest risk of the market We see stocks fall and you'll see bankruptcies more to leveraging if they slow that pace right now That's what the markets telling you. That's why we've seen a nice bounce. That's why I've seen a ten year down a 1.7% Sorry 2.7% we're seeing it down. It was over 3% So with the 10 years telling us is that the Fed is going to slow and may say look, you know what? 3% may be the top when it comes To the Fed funds rate and it should be at least at 3% and let's see for a couple months What happens and if it's not working as well then we go high but based on the data today You have to be willing to change your mind and sell stocks if we see inflation start rising tremendously next month Heading into September and (26/35)
they go 50 basis point 75 basis point, which I think 75 is crazy and they say hey You know what? It's going higher. We got to get more aggressive. That's different. You change your mind You change your portfolio as of right now Stock should continue moving higher because the Fed is the most important thing right most powerful organization on the planet by far It's probably gonna get dovish when it comes September after they raise By 50 basis points, which is good news. So you're looking at small caps catching a bid. They've been catching a bid Banks technology crypto semiconductors Looking at losers. I would say energy Only because it was so there's so much money that poured into that sector And yes, $90 is an incredible number when you're looking at oil prices I mean remember when they were like futures pricing in zero not long ago. It's like like 18 months two years ago You know and we look at $40 good 50 then it went to 130 which is insane But looking at stocks in general and we've (27/35)
seen a lot of money coming out of these names over the past six weeks They're still up tremendously over the past year past 12 months But when you look at institutional money, they go to what's working and they poured into energy Which was what the only thing that was working everything else was not working except for energy Basically and just look at the S&P performance right now. Okay, look at the yearly performance You seen how much oil companies come down and down 35% from their highs There's still like 30 of the top 50 names are energy companies when you're looking at performance for the year throw tremendously So now you're gonna see rotation. That's what you're seeing If other things are working they're gonna rotate out of that and go into some more great now. This is telling you. All right The leverage is probably gonna ease a little bit You see more money pour into some of these aggressive sectors that got annihilated like biotech has gotten annihilated annihilated And the (28/35)
biggest funds man. I don't know who's keeping track of those guys and how leveraged they were man The for selling in that industry. I can't tell you how many great names and biotech Hey, we're trading below cash and these are companies generating revenue I'm not talking about just you know, the speculative ones, you know putting all eggs in one basket and hey, you know Going into phase two right now. We have positive phase one If it doesn't work, it's gonna go down 80% if it does I'll go 500 Not talking about those names good names that have great partnerships that are generating revenue have gotten annihilated Annihilated that's a sector that topped in February. I'm talking about February 2021 around there February March and have consistently went down into November and then got Annihilated when the Fed reversed course and said hey, we have to raise rates So this is very positive there's some you should have been prepared for Been investing in a lot of new stocks we're gonna have more (29/35)
recommendations if you're a cursor research advisory newsletter Subscriber we usually publish on Wednesday, which is second week. Just want to see these results first So I don't know if we're gonna come out tomorrow or Friday, but you're gonna get either tomorrow Friday There's gonna be at least two recommendations likely three new recommendations in it So I just had to finish up my research, which is great But I it was important to see this number because if you see another negative number of inflation still rising You Know you could have saw capitulation and people saying I'm throwing in the towel. Holy shit inflation You just say they can't control the Fed. It's crazy and they got to go to 4% that result in the markets I mean what you're seeing right now across the board with some of these stocks up 8% 10% they show on CNBC right now They'll be down 10 15% right now if this number was bad You would sit a huge shift in capital to the other end instead of coming into the market Now we (30/35)
see this you can see lots of recommendations a lot of names are still down 20 30 40 percent from their highs Yes, they're up 20 25 percent from their lows, but crazy buys a Lot of these coming up pricing power you seen insiders still buying at these levels, you know, they're buying aggressively and almost at a record pace Two months ago now, it's slow. You see in a little bit more sells and buys There's a lot of good names out there, especially large mid cap that you would buy and say All right. I want an 8% return over the next year annually over the next couple years I mean you could see 20% plus returns on some of these names on how far they've come back over the next two years three Years and you might see that right away. You might see that later, but where they're trading right now There's a lot of names. I'm seeing that a screen buys and you're gonna see them come out my cursor research advisory newsletter Which is a very affordable newsletter. It's almost like not a beginner (31/35)
newsletter, but focus on large caps mid caps good companies You know, it's like Curzio venture opportunities where it's a lot of more research Sometimes we put in micro caps in there where I'm the analyst providing all the research and they're looking at my stuff My model and stuff. So, you know a lot of more research is dedicated to that In terms of some of these other large cast mid caps that are covered by 2030 analysts sometimes so it's a lot easier So those newsletters are a little bit more expensive and but Curzio research is a very affordable newsletter If you guys want in just stay give me shout Frank Curzio research comm against extremely extremely affordable less than what you would put Fill up your tank right now for gas for the year. That's the year subscription So, you know, that's me saying at all new subscribers are coming in A lot of them come in at Curzio research advisory dollar stock club this way. They see or about right? That's when you subscribe to that. It's hey, (32/35)
let me see what Curzio is about and you're gonna see a newsletter where I do 30-minute videos breaking down showing my research, you know, which is you know sharing a lot of the sites that I pay a lot of money for and Institutional research and showing why I recommend really breaking it down easy to learn That's why I'm trying to educate you as well But that's a great starter newsletter If you guys are interested, let me know cause we should advisory that's gonna come out either tomorrow Friday I'm gonna try to get out by tomorrow. It's doing a little research finishing up. Are you gonna see at least two recommendations? Maybe three? In the next newsletter, which is really cool because we're gonna start getting aggressive because I think the Fed What we're seeing right now We're gonna continue to see inflation to moderate going forward and that's gonna make the Fed Much more dovish which I think if they do you have a lot more upside in this market, especially through year end Let's see (33/35)
what happens Marks are still down. I know they're up and you're like, wow, it's come back. It's cool. I don't know But you remember S&P still down 12% and as excellent 18% All right, so there's a lot of names that are down more than that in those two Indices and those are names are gonna be focusing on names that have been unfairly punished And you're gonna see separation a lot of these industries But you will see some recommendations because research is advisory So guys that's it for me questions comments for to email a frank kurza research comm I'll say it again Be sure to tune in tomorrow the Bitcoin IRAs. It's really really cool You're seeing fidelity you see in black rock assignment coinbase see more and more money pour into crypto at Bitcoin aetherium offering this alternative asset class because Clients want it So JP Morgan did about face you look at hedge funds doing about face and you go and see money start pouring into this And here's a way because Bitcoin IRA is pretty cool (34/35)
I'm gonna pay by this company or whatever But they're gonna show you how you can invest if you want a portion money IRAs this way not to wait till fidelity Black rock or whoever and state streak gets their approval is or whatever and how long that takes you could actually do it right now And it's a safe way to do it. So it's a great interview tomorrow. Make sure you stay tuned And tune into that because this is a first time guess and it is a great interview. So I'll see you guys tomorrow Take it easy Wall Street unplugged is produced by Curzio research one of the most respected financial media companies in the industry The information presented on Wall Street unplugged is the opinion of its host and guests You should not base your investment decisions solely on this broadcast. Remember, it's your money and your responsibility (35/35)