The economy can handle where we are right now without any rate cuts: Hightower’s Stephanie Link

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Stephanie Link, Hightower Advisors chief investment strategist and portfolio manager, joins ‘Squawk Box’ to discuss the latest market trends, the Fed’s interest rate outlook, and more.

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38 COMMENTS

  1. Danke fĆ¼r das Update. <Ich rate HƤndlern, insbesondere Neulingen, sich vor dem Einstieg Ć¼ber den Markt zu informieren. Ich muss sagen, dass der Handel mehr Vorteile bietet als nur das Halten. Vielen Dank an Ginna Steve, die mich immer auf dem Laufenden gehalten hat. Ich bin sehr froh darĆ¼ber
    hat ihr Programm gestartet….

  2. Donā€™t know about you guys but the current high inflation is very tough on my family. Everything is going up and our pay checks are gone by the end of the month

  3. Slightly off topic. But – a scene……with these two. Initially you sort of scoff at the notion. But, think for a moment. See? There's something to it. Anyhow, the Make America Hard Again effort continues.

  4. This is where portfolio managers like Stephanie fail to read the tea leaves. The fed is implying with having to taper QT ā€œfairly soonā€ (despite having 3.5T in reserves) and wanting to cut rates, there is obviously significant risks brewing if they fail to do so. The economy is strong bc of the fiscal deficit spending which is directly at odds with what the Fed is trying to accomplish. High interest rates are creating a significant build up instability that that Fed has been able to hold back manipulating debt marketsā€¦ they obviously see with upcoming issuance with the treasury, that they are reaching the end of being able to keep rates high without breaking something right before the election. They are then forced to ease and stimulate into higher inflationary economy because the government continues to overspend. How does this impact financial markets? It doesnā€™t (because people like Stephanie put clients assets into equities) until long duration yield expectations completely fall apart and shoot upwards because inflation remains sticky and/or even reaccelerates. This is the risk that is obviously at play here, and Stephanie saying the Fed doesnā€™t need to cut rates, when the Fed is saying they have to, is precisely the ignorance that happens on Wall Street at the end of these cycles. The Fed and populist fiscal spending force asset managers to go all in, and that my friends is how it ends. To the moon, then the epic rug pull.

  5. I don't think people understand, Fed controls short term rates. Powell wants to bull steepen the yield curve. 10yr rising while 2 yr can fall. Not exactly inflationary. Dollar will stay strong. Commodities will be limited.

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