"I'm Worried About What I'm Seeing..." - Gareth Soloway Latest Interview

"I'm Worried About What I'm Seeing..." - Gareth Soloway Latest Interview

The market dynamics and potential risks in both the cryptocurrency and stock markets, are just a few of the issues veteran trader Soloway highlights in today’s interview. The contrast between global economic data, which has been notably poor, and the relatively strong US economy, He finds intriguing, because the US dollar is not gaining significant strength. Soloway suggests that the lack of a strong dollar bid may indicate the potential for a larger downturn, when the US economy eventually weakens. He also discusses the de-dollarization and diversification away from the US dollar, highlighting recent comments by treasury secretary Janet Yellen. Soloway is also concerned about the lack of panic in the market, despite higher rates from the Federal Reserve, and the unrest we’re seeing in major powerhouse countries.
He also mentions the SEC's recent dismissal of Bitcoin ETF filings, which could contribute to investor hesitancy. Soloway however does point out, that the interest in undervalued altcoins is being driven by the strong performance of the stock market. In this latest interview, Soloway gives us his market update for the next few months, and what we can expect in the crypto and stock market in the last half of the year.

Soloway also has a new prediction for a big move to the downside for the S&P 500, due to the weaker dollar. He believes that the system is breaking, and we’ll see the markets head toward a recession in the second half of 2023. Soloway notes a shift in investor attention from altcoins to Bitcoin, resulting in a surge of bullish sentiment. Soloway expresses concerns about the significant influence of tech stocks, which have seen remarkable performance, and highlights their elevated market cap and high price-to-earnings ratios, indicating a level of overvaluation he hasn’t seen in quite some time. Soloway warns of the risk posed by a significant correction coming in the stock market, which could lead to a rapid 20% decline in the overall market.

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CREDITS:
Gareth Soloway
https://www.youtube.com/live/bkhOAWS_...

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