“Nobody can time the market, but the next lows will take out the previous lows in the NASDAQ, the S&P, and the Dow,” warns Todd “Bubba” Horwitz, founder of BubbaTrading.com. In today’s interview with Daniela Cambone, he points to a major downturn ahead for the stock market, citing a troubling lack of participation. “Only 4–5% of the people in the population are trading these markets right now. Volume is at about 50% of normal.”

Bubba also believes a rate cut would be a “horrific mistake,” arguing that rate manipulation benefits banks and the wealthy, not the average American. On gold, he remains bullish, predicting long-term prices hitting $5,000, though he expects a short-term pullback.

Why This Market Is Headed for a Reckoning: Todd “Bubba” Horwitz’s Stark Summer Outlook
Featuring Todd “Bubba” Horwitz on The Daniela Cambone Show – Presented by ITM Trading

In a financial world fueled by illusions of stability, veteran trader Todd “Bubba” Horwitz offers a sobering reality check: the stock market is running on fumes, the middle class is vanishing, and gold & silver prices are only just beginning their true ascent.

On a recent episode of The Daniela Cambone Show, Horwitz sat down with Daniela Cambone to break down what he sees as an inevitable downturn in equities, the misdirection of Federal Reserve policy, and why owning physical gold and silver is no longer optional—it’s essential.

At ITM Trading, we equip our clients—especially those 50 and older—with the insights and tangible strategies needed to weather economic instability. If you’re watching the markets with concern, this blog will confirm your instincts—and help guide your next move.

Market on Life Support: Participation at Record Lows

According to Horwitz, despite markets drifting higher, the structure beneath is fragile:

“Only 4–5% of the population is trading right now. Volume is at 50% of normal,” he said. “People are even cashing out of 401(k)s early just to stay afloat.”

This lack of participation isn’t just about disinterest—it’s about survival. Inflation is eating away at real incomes, and the so-called wealth effect created by the markets isn’t reaching the middle and lower classes.

“There is no middle class anymore,” Horwitz declared. “Just look at the numbers: in 1985, the average income was $25,000 and the average house cost $80,000. That’s 3.5x income. Today, it’s $70,000 versus a $500,000 home—over 7x.”

This divergence is a direct result of poor monetary policy, reckless spending, and a growing detachment between asset markets and economic reality.

The Fed, Politics, and the Illusion of Rate Cuts

With rising tensions between Donald Trump and Fed Chair Jerome Powell, speculation abounds over whether political pressure will force the Fed to cut rates.

Horwitz doesn’t buy it.

“Powell has no reason to cut. If he does, it’s a massive mistake,” he warned. “The only ones who benefit are the banks. The real interest rates in the market are already sky-high—just ask anyone with a credit card.”

Even though the Fed’s official rate has dropped over the past year, 10-year Treasury yields have gone up, and peer-to-peer lenders are charging 15–16%. The takeaway? The true cost of borrowing is climbing, and manipulating rates won’t fix what’s broken.

Geopolitical Risks and War Spending Are Heating Up

As global tensions escalate—particularly in the Middle East—Horwitz believes we are on the edge of deeper involvement.

“Iran’s leaders are threatening civilians, including American public figures,” he said. “Israel can’t do it alone, and the U.S. needs to step up.”

Though the current administration has promised less military engagement abroad, Horwitz argues that a return to global leadership is necessary, and so is protecting allies like Israel.

The danger? War spending adds to an already bloated budget, pushing the U.S. further into unsustainable debt.

“We’ve wasted so much money already,” Horwitz noted. “If you or I ran our finances like the government, we’d be bankrupt or in jail.”

Gold Outlook: Don’t Be Fooled by Pullbacks

With gold prices recently hitting $3,500, Horwitz expects a short-term pullback—but remains extremely bullish on the long-term trajectory.

“We may see $3,000 or $3,100 in the near term. That’s healthy. But make no mistake—gold will go to $5,000 eventually.”

He cautioned against trusting bank forecasts (like Citibank’s call for a 25% drop), arguing that institutions often talk prices down so they can buy in.

His advice for ITM Trading’s clients?

“Buy physical gold, not paper. There’s not enough physical gold to cover all the paper out there. Own the real thing.”

This aligns perfectly with our long-held guidance at ITM Trading: own tangible, allocated metals to guard against inflation, counterparty risk, and market manipulation.

Silver and Platinum: The Next Big Moves

Horwitz also sees strength in silver, noting that the gold-to-silver ratio has recently contracted as silver begins to outperform.

“I predicted mid-$30s and we’re already there. I now see silver going to $45 by the end of Q3—maybe higher if there’s a squeeze.”

He also called platinum one of the most undervalued metals on the market.

“Platinum used to trade at double the price of gold. Today it’s a third. That’s a buying opportunity.”

For ITM clients seeking diversification in their precious metals holdings, these insights are timely. Silver and platinum offer strategic value—especially during inflationary periods when industrial demand spikes.

Final Thoughts and Call to Action

Todd Horwitz’s outlook isn’t just market commentary—it’s a warning. The foundation of our economic system is cracking, and traditional financial strategies will no longer protect you.

At ITM Trading, we help you:

• Acquire and store physical gold and silver (not paper claims)

• Protect your wealth against inflation, market downturns, and geopolitical shocks

• Build a resilient, private portfolio designed to survive financial turbulence

👉 Schedule your complimentary strategy session at DannyReport.com
Learn why thousands of Americans are choosing physical metals to safeguard their futures—and why now is the time to act.

The middle class may be vanishing—but your wealth doesn’t have to. Own real money. Own gold. Own control.

THINKING ABOUT PURCHASING GOLD & SILVER? Get expert guidance from our team of analysts with 28+ years of experience. Schedule a free Q&A 👉 SCHEDULE YOUR CALL HERE or call 866-351-4219.

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