- Catalysts on the Horizon
- Stocks: September Slump or Steady Surge?
- Dollar Devaluation: The Key to Long-Term Growth?
In the latest podcast, Phil Rosen, Co-Founder of Opening Bell Daily, and Anthony Pompliano, CEO of Professional Capital Management, discuss the factors behind the downturn in stocks and Bitcoin, economic policies under Trump and Kamala Harris, and what asset prices could look like with potential interest rate cuts.
Catalysts on the Horizon
Rosen discusses potential catalysts that could affect Bitcoin’s price in the next six to twelve months. While there is no clear driver for a massive price surge, he suggests that events like interest rate cuts or large-scale purchases by Sovereign Wealth Funds could bring bullish momentum. However, he tempers expectations, saying a full-blown bull market may not be imminent, and volatility is expected to decline over time, making Bitcoin less risky than the S&P 500.
Stocks: September Slump or Steady Surge?
September is historically the worst month for stocks, with the S&P 500 losing an average of 7% over the past 75 years. Despite this, investors remain bullish, with record levels of investment pouring into stocks and the S&P 500 hitting nearly 40 record highs this year. Rosen points out two key takeaways: First, long-term investing in stocks has proven successful for many, as consistent investing can lead to wealth accumulation over time. Second, while there is concern about overexposure and a potential market crash, the real focus should be on long-term investment strategies rather than short-term fluctuations.
Dollar Devaluation: The Key to Long-Term Growth?
A crucial part of Rosen’s argument hinges on the inevitable devaluation of the U.S. dollar. As the dollar loses value, financial assets like real estate and stocks will naturally rise in price. This phenomenon explains why real estate investors consistently make money, even if the property hasn’t necessarily increased in intrinsic value. The loss of purchasing power in the dollar means that future buyers will need to pay more for the same assets.
Rosen emphasizes the importance of long-term, consistent investing in the face of ongoing dollar devaluation. He believes that the S&P 500 remains a powerful wealth-building tool for those who can ride through the temporary bumps.
