“I just have come to terms that it’s going to be an extremely volatile market.” – 02:41
Gabriela Berrospi, CEO & Founder of Latino Wall Street, joins Remy Blaire to discuss the current state of the financial markets, focusing on the recent fluctuations in the Dow and S&P 500, which are currently in negative territory following record highs.
Gabby provides valuable insights into the euphoric sentiment that has characterized the markets recently, attributing it largely to expectations surrounding interest rate cuts anticipated at the upcoming Federal Reserve meeting on September 17th. With a 90% chance of a rate cut, Gabby explains that while this has fueled optimism and led to record highs, it is also normal to see a pullback afterward as traders take profits and uncertainty looms over issues like tariffs and the ongoing trade situation with China.
Finally, the pair shifts focus to the cryptocurrency market, where Bitcoin has recently hit new record highs and Ethereum is approaching its all-time highs. Gabby shares her observations from attending Crypto Week at the White House, highlighting the administration’s supportive stance towards cryptocurrency. She notes that interest rates impact not only the stock market but also the crypto and real estate markets, suggesting that we may be on the brink of a new cycle that could lead to further record highs in these areas.