Frank Locascio , aka : “the Economist “ is spot-on in his assessment of how the Federal Reserve is manipulating the Stock Market . Frank takes it to the next Level when he reveals to the public what the Fed is doing and Why the Stock Market(S&P ) is up in value the same amount of equity that the Fed has thrown at it !
Right or wrong, ( depending on your level of tolerance for government massaging of Financial Markets ) the Fed is doing this backdoor stimulus right in front of the whole world to see ! Frank calls out the experts who refuse to recognize this intervention . Is this Fed Stimulus good for the Markets ? Yes ,for now but what happens when the Fed pulls the rug ? One thing is for sure the Top 10% of the country is benefitting bigtime but the average Joe is still struggling in the Pandemic Frank believes inflation is inevitable, but leaves most of his predictions for his next podcast .He does warn the public to run from a certain asset class , in the same breath he is very bullish on a certain asset that he believes to be a sure winner in the following years .Definitely Tune in and get the most financial insight you can ever get from a free podcast ! Loved it !
