Cash is a decision, not a place to hide

Own oil, gold and silver. And keep some dry powder. Chris Kampitsis, managing partner at Barnum Financial Group, thinks investors need commodities exposure as a hedge right now, and names oil, gold and silver. He also wants a little dry powder, because six percent on the 10-year is where he thinks equities stop looking appetizing, and insurers are already publishing 5.9% on seven-year guaranteed contracts. Ben Emons, chief investment officer at FedWatch Advisors, tells Kenny Polcari why the long end is climbing, and it is not the deficit: the Fed itself points to AI borrowing hedged with Treasuries. Plus what a blue sweep would do to gold, and whether Nvidia can beat and still fall. Timestamps 0:00 Bessent doubled down on the buyback. Can he move the long end 0:51 The war chest is an operating account, and there is no free lunch 1:55 The long end is doing the Fed's work while fed funds sit still 3:35 The Fed's own answer: AI borrowing, not inflation or the deficit 4:00 Emons on a 10-year well over 5%, and why that is not bearish 4:48 Growing faster than the last decade, and growing out of debt 5:28 Why take equity risk when you can get five and a quarter 5:43 Six on the 10-year is where equities stop looking appetizing 6:22 Insurers are publishing 5.9% on seven-year guaranteed contracts 7:10 The 1999 parallel, and what actually broke that market 8:51 What the midterms do to markets, and the blue sweep risk 9:39 Echoes of 2018: plus 10 in September, negative for the year 10:21 An 8 to 10% pullback, and why September is the worst month 11:19 An eight month conflict with no end in sight 14:07 Oil from 67 to 80 means next month's inflation prints turn 14:45 Tariffs back on, and the first Smoot-Hawley comparison in decades 15:03 The Warsh Fed at Jackson Hole, and why he will say nothing 17:34 Kampitsis on a 75% chance of a hike, and three as the new two 18:25 Why he wants commodities as a hedge right now 18:59 Gold broke a nine-week range, and what a blue sweep does to it 21:05 Not just inflation: the dollar confidence story behind gold 21:47 Cash is a decision, and a volatility anchor 22:38 Will Nvidia beat and still fall #TraderTalk #KennyPolcari #YahooFinance #Commodities #Gold #BondMarket == AlphaSpace by Yahoo Finance: A Professional-Grade Investment Platform Built for Everyday Investors. 👉 https://finance.yahoo.com/about/promos/gold/alphaspace?ncid=100003571

GPT-4正在为你翻译摘要中......

翻译全文