Risk of 'Major Correction' for Markets as Jobs Numbers Tank: Danielle DiMartino Booth
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Risk of 'Major Correction' for Markets as Jobs Numbers Tank: Danielle DiMartino Booth
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Danielle DiMartino Booth thinks that record passive inflows, momentum, and speculation are the main factors currently driving the stock market and while in the short term, the party could continue, eventually reality will rear its ugly head and deliver a long overdue reckoning for the Mag 7 and inflation tech stocks. Danielle also discusses the rising crisis she sees in the housing market, gold's role as a hedge in our uncertain economic times, why the Fed is cutting rates in the face of rising inflation, and much more.
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