Joel Elconin, Co-Host of the PreMarket Prep Show joins us to share his thoughts on the current state of the U.S. markets.
We kick off by examining the recent volatility and choppiness in market performance, largely driven by unpredictable tariff news and the Trump administration’s announcements. Joel explains the impact of sector rotation on market stability, using examples like the S&P 500 and the Mag 7 stocks. The conversation further explores the challenges of momentum and breakout trading. Joel shares his thoughts on recent earnings reports from major companies like Apple, Google, and Microsoft, noting a shift in market sentiment during this earnings season.
We also discuss the appeal of safer investments like gold and the reasons behind its rising prices.
Joel offers his take on the looming inflation concerns, driven by tariff-related trade wars, labor market disruptions, and government budgeting issues. He cites insights from economist Blue Putnam on the increased risk of a recession. As the show wraps up, we look ahead to potential market-moving events on the horizon.