Biden Elon Musk Bitcoin and the Market Heres What to Expect

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Video Creator’s Channel Dr. Steve Turley

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All Right There Everyone Great To Be Back With

you We have Bob Kudla back with us of trade Genius Academy if you’re not familiar with Bob. He started trade genius Academy back in 2015 after 25 years as an executive for two Fortune 500 companies in the financial services industry and over the past five years. Bob has amassed a pretty impressive 65 overall win record in the market and so in our past conversations. He’s helped us make Financial sense of the coronavirus pandemic, a post–pandemic economy, a post-riot economy, even a post-election economy and so today. Bob’s going to give us a sense of what to expect as we approach the second quarter of 2021.

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So Bob Welcome Back Great To

have you here? Dr Steve thanks for having me Oh it’s our pleasure all right so it’s been a couple of months since we chatted and and since then Biden has taken office what’s your impressions thus far and and what are some of your expectations for going into the second quarter sure I’m not sure if white knows he was elected yet that was a topic for for another day but um yeah so you know they’re doing pretty much everything that they said they’re going to do so for your audience who’s understanding you that we’ve changed from a supply side type of economic program and we’re going over to What’s called the demand side I’m not going to argue the miracle one over the other because what it is is now so they’re going to be putting a lot of hot money into the economy. So they’re they’re injecting 1. 9 trillion dollars not all of that comes this year, So they’re they’re basically replenishing a lot of the state’s budget coffers. They’re replenishing unemployment um you know claims offices they’re given unemployment money out and then they’re also throwing the stimulus checks out to I would essentially say up to the lower part of the upper middle class, so that’s the money coming in and it’s going to start coming in. I guess as soon as a couple weeks from now and it’s going to dribble it over probably the next two years that’s a lot of money and that’s a lot of money that’s going to be spent fairly quickly at the same time as you know basically the um the Covet crisis is really over.

You Know That What We Would

uselessly call the election crisis that part that that was was a was a disease and now that these states have to reopen to reopen it and so you’re going to see There was a lot of pent-up savings During this time. You know a lot of people just deferred doing a lot of things so you’re going to see probably a burst of activity from that especially travel and Leisure this summer and so you’re going to see a basically. The economy is going to probably expand the worry here that it may over expand and get too hot. I’m not sure yet what that means because we’re talking about that actually today you know some things are going to be spent more some things aren’t but we have to watch out for his energy and food prices that’s going to dictate you. What’s going on with with the economy that may hamstring the fed‘s ability to to kind of manage the interest rate so that’s the kind of the macro thing.

Ill Take A Break And Let You Ask

me some more specific questions Yeah so I mean are you so are you talking the obviously the the potential for inflation yeah inflation’s baked in already so they they can keep saying they want to get the two percent inflation. I defy them to find less than two percent inflation in our lives today. If they said to me we’re at eight and ten percent inflation. Then I would say okay you’re pretty much there what that means from a practical standpoint is that they’re falling behind basically the economy so real rates are basically being suppressed by the Federal Reserve, which means the dollar will weaken which means Imports will. get more expensive the things that you have to live on are going to get more expensive and therefore the things that you want to invest in in the stock market needs to be different than what it was the last couple years.

So Remember We Were Everything Was High Tech

and tech tech tech. You know and FAng stocks and all that that’s gone the tech stocks are that they’re you’re going to see basically anything that was technology related is overvalued right now and you’ve already seen some of these stocks about 50. I think you and I last talked in January and and they’re they’re down somebody’s talking about 50 from their highs and there’s still probably 50 overvalued right so so that’s going to be a drag on the market itself, but there’s areas of the market that are going to do quite well and haven’t. been quite well and we talked about those before they’re still moving on nicely you know yeah by pricing um in uranium stocks. You got pricing and fertilizer stocks.

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I Know You Want To Talk Crypto A

little bit. The crypto miners that are publicly traded are just off the wall rocketing today. You know we had um two of them, one of them looked 33 today the other one was up around 20 some percent we’re in those trades and we’re trading those actively we don’t see any of that changing anytime soon in that area and as soon as this money starts going into the economy. You’re going to start seeing sober and gold gold miners start to do really well and today they actually started to move higher for the first time in months so the balance sheet is going to dictate how the gold and silver. Miners are going to do that sort of money is going to be made Steve in the next you know 90 to 120 days wow so yeah that’s cool that’s Neat yeah so um.

What What Do You Think The Impact

was with with Elon Musk getting into cryptocurrency and pumping what was it a over a billion dollars into Bitcoin Yeah I mean he’s one of many um I think he because he’s so visible people you know just assume that he had the biggest impact He doesn’t hurt. He’s outstanding at marketing and but there’s a company out there called microstrategy. You may have heard of it. Michael Sayler, some sailor his last name, but he’s made it part of the business model to swap out all the Fiat he has in his corporate balance sheet into Bitcoin and so that other people are following right now. They stay up to 40 of of the largest companies have some exposure now on their balance sheets to to cryptocurrency Just a few days ago this the country of Norway, their largest state-owned oil um you know company has just decided that they’re they’re going to be adding crypto to their they made a 50 million dollar purchase, so what’s happening now with cryptocurrency is that you know there’s money sent to these exchanges okay an inventory.

Theyre Rapidly Being Depleted.

Once it’s completed they’re going to really raise the price of Bitcoin to to entice people who are quote unquote hoggling it to to maybe depart with some of their coins so we’re looking in the short term. They couldn’t sell it off at 58 000. They got it down to the mid 40s for back up to 54 000 as of today and we’re probably looking in. range anywhere between 63 and 68 000 is kind of stop and then it breaks me there where we’re looking the next headline Fibonacci line up to 95 000 for Bitcoin Everything else will kind of be dragged along with Bitcoins the gorilla you know obviously there’s ethereum that is linked there’s Litecoin you know some people like Ada you know and Ox I mean and and but Bitcoin right now is the gorilla when when tax slows down by the Altcoin move again, but it’s all systems go and then companies like Mara, M-a,-r-a Riot r i o t grow G r o w and UK they’re all going to move much higher.

I Mean Ryan Got All The Way

up to think the 85 and pushed back to almost below 40 on Friday today. Just in two days. It went back up to 52. that’ll be over a. There’s opportunities for people with small accounts to have an outside impact on their wealth by by go in with these stocks that are that are Crypto Miners and a really nice thing about.

It Is That Some People Are Afraid To

get a crypto account and all this stuff we don’t even have to have a crypto account to be able to be in the crypto business and of course GBPC and then there’s another one now out there that that it does what GBtC does at a little bit lower you know cost to to own the this year The more coming you know there’s given an ethereum one there’s a light one point coming so there’s a lot of opportunities when people get to stay in the stock market and get exposure to um to bitcoin. You know Bitcoin at 50 000 kind of freaks people out. But hey you can buy a thousand shares or not thousand two of like 10 long-term call contracts you can control a Bitcoin. You know so so there’s different ways in which now you can play it where a lot of a lot in the past. You know only the big boys can really take advantage of it so a lot of opportunities in that space.

I Dont See It Changing At All The

market will definitely be more volatile than it has been but it’s it’s definitely the rewards are going to over overpower the risks that’s fantastic that’s really really so cool Hey let me give you a couple of these shout outs here that um trade genius has been getting this is from Leith Bowden so just did my Roi form January 13th My first Buy mitd I love you guys and all your your your act. Little acronyms and all that sort of abbreviations. I I need a I need an appendix who would I read these stuff in my in my UK about I’m. I am 30 up 31 just shy 30 days. If I do the math right that’s about a hundred ten thousand profit in a year.

I Think Says 6420 1000 Cash

in can you give us a little back story on this one yeah so he’s a fairly new Trader and a lot of questions. I get right away is like you know how fast can I get up and running and since our system has basically it’s not about me. It’s about the system so you know once you learn the system we teach you how to use it and we have classes and we have self–paced courses and then we’re in the room like you and I are talking. rooms and we have um we provide signals so people get up running fairly fast so he was just coming back to me and said Bob yeah I believe you look at this look look at my Roi is which means return on my investment and he’s still doing well that.

Summary

We have Bob Kudla back with us of trade Genius Academy if you’re not familiar with Bob.& He started trade genius Academy back in 2015 after 25 years as an executive for two Fortune 500 companies in the financial services industry and over the past five years Bob has amassed a pretty impressive 65 overall win record in the market.& Bob’s going to give us a sense of what to expect as we approach the second quarter of 2021. Dr Steve thanks for having me Oh it’s our pleasure all right so it’s been a couple of months since we chatted and and since then Biden has taken office what’s your impressions thus far and and what are some of your expectations for going into the second . quarter of 2019? Please email Dr Steve. Steve at [email@mailonline.co.uk or visit www.smithsmith.smith.uk for more information about how to contact us atsmith@smithonline.uk.uk . Please emailsmith.com or visitsmith….. Click here to read more and watch the full video