Remy Blaire engages in a timely discussion with Gabriela Berrospi, the CEO and Founder of Latino Wall Street. The segment opens with an overview of the current economic climate as November trade begins, highlighting that tariffs are no longer causing the market disruptions they did earlier in the year. Remy notes that Polymarket indicates a 75% chance that the Supreme Court will strike down Trump’s tariffs, a potential event that would have significantly impacted the market back in April but seems to have lost its urgency as investors have adapted to the existing economic conditions.
The conversation shifts to the ongoing U.S. government shutdown, which has now reached a historic 37 days. Gabriela expresses her surprise at the duration of the shutdown and discusses its implications for federal workers and the economy. She emphasizes that the shutdown is affecting millions, with over 3 million people experiencing travel cancellations and delays since October 1st. Gabriela shares personal anecdotes about friends who have quit their government jobs due to the uncertainty, illustrating the human impact of the shutdown. She warns that if the shutdown extends into the holiday season, it could lead to significant disruptions, particularly in airports and TSA operations.
Remy and Gabriela also explore the potential effects of the shutdown on the markets. Gabriela points out that while government shutdowns are typically temporary and not necessarily bearish for the markets, the current uncertainty could lead to increased volatility.
The discussion then transitions to the cryptocurrency market, where Remy asks Gabriela for her insights on Bitcoin’s recent sell-offs, particularly after it fell below the $100,000 mark. Gabriela reflects on the initial excitement surrounding the government’s strategic reserve for Bitcoin, which has not resulted in active purchases as many had hoped. Instead, the government appears to be holding its position, leading to a lack of new buyers in the market. Gabriela argues that Bitcoin, often perceived as a high-risk investment, does not serve as a reliable hedge against volatility, especially given the current economic uncertainties.