Cathy Woods and Ark’s Fall From Grace - John Rubino #5377

Summary: I sit down with John Rubino to discuss the taper-tantrum at hand and what’s happening with the tech stocks. Tech stocks are tanking at the moment, and we see historic trends repeating themselves. This puts the economy in a unique position, because we need to view cryptos as tech stocks; ultimately, these stocks need to tank in order for the Fed to tighten. Tune in for more. Highlights: -We’re looking at the taper-tantrum, cryptocurrency, etc. -The Fed doesn’t have to raise interest rates now—they now just merely talk about it -Tech stocks are tanking -Early investors in the ETF stock are down, and a lot of things are being reversed out in a hurry -Trends are repeating; just as things start to look positive, these stocks begin to go in the opposite direction -If the higher rates never come, will anyone remember what’s happening now? -A 25% drop in the NASDAQ could kill other industries -The Fed should be fighting the 6% inflation, but thus far they have just talked about doing it -When you shut down the global economy for six months and pour money into people’s pockets to be spent, this is a recipe for inflation -Cryptos are also not holding up too well; it’s best to thing of them as tech stocks. Bitcoin, for example, is traded like a tech stock -Tech stocks need to tank in order for the Fed to tighten -It’s not a great time to be an aggressive tech stock investor -We have to keep our eyes on the prize, which is Fed capitulation Useful Links: Financial Survival Network Dollar Collapse “We Need to Be Preparing for Something Dramatic” | John Rubino Six Major Predictions for 2022 with John Rubino