One MAJOR Financial Domino Left to Fall: Tavi Costa
“We’re close to a major domino falling in the next six to nine months,” predicted Tavi Costa, macro strategist at Crescat Capital. He explains to Daniela Cambone that the equity markets are likely to be the next to feel the economic repercussions driven by the higher cost of capital, which will impact the valuation of companies. “Ultimately, I would say that we’re going back to a world where investors pay closer attention to profitability,” he stresses. Costa also remains firm on his recession outlook. “You can plug in so many charts—yield curve versus unemployment rates, initial jobless claims, continuing jobless claims. You can see that clearly, the steepening of the yield curve from inverted levels is a very negative signal for the economy,” he explains. Watch the compelling video to learn more about Costa’s views on the economy.
CHAPTERS:
00:00 Inflation
5:37 Fed rate cuts
7:49 Debt
10:38 Economic outlook
13:01 Dollar devaluation
17:13 S&P 500
19:53 Domino fall
22:01 Gold
24:38 Junior miners/gold
29:39 Silver
31:59 Concluding words
SOURCES:
https://x.com/TaviCosta/status/1811030691099877725
https://www.bloomberg.com/energy
https://www.cnbc.com/quotes/US2Y
https://www.marketwatch.com/investing/bond/tmubmusd02y?countrycode=bx
