RECESSION INDICATOR TRIGGERED‼️ Stocks Crash 💥 Traders Panic
Published: 2024-08-02
Status:
Analyzed
Published: 2024-08-02
Status:
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The US economy is either currently in a recession or will enter a recession within the next 3 months (from 2024-08-02).
"and it just flashed and this means we're either in recession right now or we will be going into recession likely within the next 3 months"
Pending
Worst-case scenario: The US unemployment rate could reach 8% or higher.
"worst case scenarios we could end up going to an unemployment rate of 8% plus"
Pending
Best-case scenario: The US unemployment rate will stabilize at around 5% or 6%.
"I think the best case scenario out of this situation is maybe we stop the unemployment rate at about a 5 or 6% number"
Pending
The Federal Reserve is likely to begin cutting interest rates in September 2024.
"essentially if they do start cutting which they're going to start cutting here very shortly likely September"
Pending
Positive effects from Fed rate cuts (starting September 2024) are expected no earlier than September 2025, but more likely in 2026-2027.
"assuming the FED starts cutting in September the earliest will start seeing a positive effect from that the very early I would be September of the following year which means September 2025 but likely you wouldn't start seeing positive effects from the FED cutting until 2026 to 2027"
Pending
The stock market likely has a significant downside before bottoming out due to current high investor bullish sentiment despite recent declines.
"which makes you think we might have a long way down here to get all these Bulls off this bullish side and over onto the bearer side and then we can talk about bottoming out this Market"
Pending
The stock market is likely nearing a bottom when the VIX index rises above 30, and especially above 35.
"now if you see the vix go I would say over 30 and especially if you see it go over 35 that's usually when you're getting close to a bottom in the Market at that particular time"
Pending
The stock market is predicted to perform poorly during August and September (2024), which are historically the two worst months for the New York Stock Exchange.
"remember what the two worst months are for the N for the excuse me the New York Stock Exchange right the two worst months are August and September and we just started August so we're actually in a time period that very often the market does not do very well"
Pending
The 2024 US Presidential Election (Trump vs. Harris) is predicted to be very close.
"this is becoming a dog fight now this is going to be a close election I can tell you this is going to be a very close election"
Pending
If Kamala Harris gains in the polls for the 2024 US Presidential Election, the stock market will become increasingly worried due to potential corporate tax rate changes.
"when starts to pull better and better the Market's going to get more and more freaked out in regards to this"
Pending
Beaten-down consumer stocks are predicted to be the best investment plays, offering the highest returns over the next three years.
"the most money will be made over the next 3 years ... in a lot of these consumer names they're the most beaten down trashed out stocks that's where the biggest opportunity the most money will be made over the next 3 years over the next 3 months those could be even hit stocks that are hit a lot harder but over the next 3 years those are going to ultimately end up being the best plays with some of the best returns"
Pending
Wynn Resorts (WYNN) is predicted to report 'not very good' earnings numbers in early 2025.
"it's pricing in that the numbers are not going to be very good 6 months from now"
Pending
US economy predicted to enter recession by November 2024.
"we're either in recession right now or we will be going into recession likely within the next 3 months"
Pending
Worst-case scenario for US unemployment rate is 8% or higher.
"worst case scenarios we could end up going to an unemployment rate of 8% plus"
Pending
Best-case scenario for US unemployment rate is 5-6%.
"I think the best case scenario out of this situation is maybe we stop the unemployment rate at about a 5 or 6% number"
Pending
The Federal Reserve is expected to start cutting interest rates in September 2024.
"they're going to start cutting here very shortly likely September"
Pending
Positive economic effects from the Fed's expected September 2024 rate cuts are not anticipated until September 2025 at the earliest, and more likely 2026-2027.
"assuming the FED starts cutting in September the earliest will start seeing a positive effect from that the very early I would be September of the following year which means September 2025 but likely you wouldn't start seeing positive effects from the FED cutting until 2026 to 2027"
Pending
NASDAQ is predicted to have a 'long way down' before bottoming out, as investor sentiment is still too bullish.
"we might have a long way down here to get all these Bulls off this bullish side and over onto the bearer side and then we can talk about bottoming out this Market"
Pending
The stock market is predicted to be nearing a bottom when the VIX index exceeds 30, particularly above 35.
"if you see the vix go I would say over 30 and especially if you see it go over 35 that's usually when you're getting close to a bottom in the Market at that particular time"
Pending
The market is expected to struggle in August and September 2024, aligning with historical seasonal trends.
"the two worst months are August and September and we just started August so we're actually in a time period that very often the market does not do very well"
Pending
The 2024 US election between Trump and Harris is predicted to be very close.
"this is becoming a dog fight now this is going to be a close election I can tell you this is going to be a very close election"
Pending
The stock market is predicted to react negatively and become more volatile as Kamala Harris's poll numbers improve in the 2024 election.
"when starts to pull better and better the Market's going to get more and more freaked out in regards to this"
Pending
Donald Trump is predicted to win the 2024 US presidential election.
"Trump still expected to win the election"
Pending
Consumer stocks, currently beaten down, are predicted to be the best investment opportunity, yielding the highest returns over the next three years.
"a lot of these consumer names they're the most beaten down trashed out stocks that's where the biggest opportunity the most money will be made over the next 3 years... over the next 3 years those are going to ultimately end up being the best plays with some of the best returns"
Pending