We believe there is a recession coming, says Guggenheim's Alan Schwartz
HTML-код
- Опубликовано: 11 окт 2024
- Alan Schwartz, Guggenheim Partners executive chairman, joins 'Squawk Box' to discuss the latest macro outlook, M&A expectations, latest market trends, state of the U.S. economy, and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/2NGeIvi
» Subscribe to CNBC TV: cnb.cx/Subscri...
» Subscribe to CNBC: cnb.cx/Subscri...
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
Connect with CNBC News Online
Get the latest news: www.cnbc.com/
Follow CNBC on LinkedIn: cnb.cx/LinkedI...
Follow CNBC News on Facebook: cnb.cx/LikeCNBC
Follow CNBC News on Twitter: cnb.cx/FollowCNBC
Follow CNBC News on Instagram: cnb.cx/Instagr...
www.cnbc.com/s...
#CNBC
#CNBCTV
I used to think everybody went broke during the Great Depression and other major crashes but they didn’t… Some made millions, I also thought everybody went out of business during these times but they didn’t, some went into business, there's always depression/recession for some people and there's always a good time for others, it's all about perspective.
First step is discovering loopholes to generate gains during volatility, It is very possible to retire big time from the current market condition without having to hold stocks long term.
The issue is people always have the “I’ll have to do it myself mentality” Unapologetically, that’s why the get heavily affected during a crash and coupled with the fact we’ve had the longest bullrun ever in the American history, most folks aren’t equipped to manaqe this crash and it’s impending opportunltles well enough, so it only makes sense to seek proper guidance during these times, that’s what lnvestment-advlsers are for, been using one ever since the pandemc 2020 and I’ve been barely affected by crash, I have $850k in profit sitting in my portfolio and I’m unbothered about the market outcomes.
Well if isn’t that the hard truth…this investment-adviser that guides you must really on to something…who is he?
It’s a She actually, Heather Lee Larioni. I initially came across her on a CNBC news report then on smartadvisors and I decided to hit her up. Best decision I made to stay afloat 2020.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
The year is 9125. The earth is dying from the heat of a thousand suns. Bank economists are warning that a recession is still six months away.
That's consistency.
Nostradamus nut bag
Exactly 💯 🤣😂🤪
I was saving more money with hopes of going into the housing market, but the recent crash has made me rethink. I'm wondering whether to just sit on the sidelines or diversify into stock assets. I've had how people make five figures monthly.
It's really not as difficult as many people presume it to be. It requires a certain level of diligence, which is something ordinary investors lack, and so a financial advisor often comes in very handy.
People underestimate how much they can make from the stock market. I started with $127k just before the pandemic hit. Many people's portfolios tanked, but I rode through with my financial advisor, and even made more than $86k within just five months of starting, and it's been an awesome ride since then.
This sounds great. Is there a way I could connect with your advisor or any other whom you think is very good? I'll appreciate.
The advisor I'm in touch with is *Sharon Louise Count.* There are other good FAs online too, if you look around
Thank you for this. I just looked her up now and I sent her an email. I hope she gets back to me soon.
Many stocks and assets might be undervalued during a recession. Although I think that right now is the best time to profit from the market for long-term advantages, I've heard of investors generating over $400k in profit during downturns and I'm looking for strategies to achieve similar success.
It's all a charade! It is advisable to disregard the current trend, whether positive or negative, and adhere to a suitable trading plan, ideally with professional assistance.
Had a good run during my first year in the fin-market, I assumed I had a hang on it. However, things changed during the pandemic, and I needed to diversify into safe assets, so I approached a coach who devised a structure that matched my annual goal of 200k
It's unfortunate how the downtrend has significantly decreased the value of my portfolio, but how can one locate a resourceful coach? I like the thought of using their services.
"Sharon Louise Count" is my portfolio-coach, I found her on Bloomberg where she was featured, I looked up her name on the internet. Fortunately I came across her site and reached out to her, you can verify her yourself.
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.
Due to the ongoing war between Israel and Palestine, the stock market is a huge mess right now, I will suggest you invest in cryptocurrency for a successful long-term strategy and most importantly you have to seek guidance from a broker or financial advisor.
With the help of an investing advisor, I diversified my $400K portfolio across markets, and I was able to earn over $900k in net profit from high dividend yielding equities, ETFs, and bonds.
Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?
My consultant is NICOLE DESIREE SIMON She has since provide entry and exit points on the securities I focus on. You can look her up online if you care for supervision.
I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her.
He couldn't see what was coming at Bear Stearns but he sees a recession coming?
You don't need special skills to know that a recession is coming this time b/c of how much runway there is towards it. Its the pandemic impact when people were spending their stimulus checks on boob jobs and homes. The spending was further driven on the freeze on student loan payments. This kicked up inflation. The fed started jacking up rates. Employment was staying strong so people were still spending and putting things on credit. These are all warning signs that you could see in advance b/c they're slowly happening over several years. If people still think a recession isn't coming they're delusional. At some point the balloon is gonna pop b/c this set of economic conditions is not sustainable long term and you're getting glimpses of this in flashes (ie. regional banks failing.)...
@@Chad_Max My point is about the source, not about his comment. It was a dig.
Overall, 51% of investors still think it's a good time to invest in stocks, mutual funds, and other equity-based investments, despite Treasury yields and other safer cash-like investments paying big. I’m thinking of investing $400k into my portfolio but unsure about what equities to get into.
Speaking with an advisor helped me stay afloat in the market and grow my portfolio to about 65% since January, , and in just a few months, I was able to earn over $950K in net profit from high dividend yielding stocks. you should try it if you're unsure about the market.
I started out with a financial advisor called " Kaitlin Rose Sternberg ". Her honest approach gives me complete ownership and control of my positions, and her rates are incredibly affordable given my ROI. However, do your due diligence before contacting a financial advisor.
I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, been told they always preform the best
Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
Things are strange right now. The US dollar is becoming less valuable because of inflation, and other powerful nations waking up to trade in their own currencies. Good thing is, a lot of people still turn to the Dollar because of the safety is somehow assures. I'm worried about my retirement savings of about $420,000 losing value because of these factors and more. Where else can we keep our money?
Well, I suggest you make a diversification plan because it's been harder to build a good portfolio that stays afloat since COVID. Personally, I garner knowledge from a brokerage Adviser whom I work with, and I've actually made over $350K with their help since February. Very effective defensive strategies are used to protect my portfolio and make profits despite the ups and downs.
I find this intriguing. Could you please provide me with the means to get in touch with your Adviser? I am concerned about my dwindling portfolio.
My financial advisor is 'NICOLE DESIREE SIMON'. I found her on a CNBC interview where she was featured Afterwards I reached out to her on her webpage. she has since then provided me with entry and exit points in securities I focus on.
Thanks for sharing.
I’d be retiring or working less in 5 years, and considering this financial recession, I’m curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $250K per year but nothing to show for it yet.
Do you have a 401k? you should contribute to your retirement diligently, or better still look into financial planning
Very true, I find myself lucky enough exposed to money management at an early age. Worked full time when I was 19, purchased first home at 28, fast forward time... I'm 50 now, got laid off March 2020 amidst lockdown, a blessing in disguise. At once, I consulted an advisor to stay afloat and with subsequent investments, I'm only 15% short of $1m as of today.
this is huge! would love to grow my reserve regardless of the economy situation, my 401k has lost everything accrued since early 2019, at this point, i'm in need of guidance, can you point me?
I’ve shuffled through a few experts in the past, but settled with ‘LOREN LENA WALKER’. The strategy they use is recession-proof, more specifically profit-oriented, and most likely, you'd find her basic info on the net, she's a renowned advisor.
thanks for info! curiously copied and pasted her full name on my browser, spotted her page easily, she actually looks very distinguished
I love how they leak that a recessions coming we’re already in a recession. We have a big, explosive depression coming, and nobody seems to want to believe it.
Why do you say that ?
Then it means no recession is coming, as simple as that ...
Some of us are already in a recession.
@@Joseph-ke3xc ok some of us are in a "richsession"🤪
Never ending prediction of recession
Companies provide protected earnings for next year. So you calculate the PE ratio using todays prices and divide by next years earnings.
If you use Today’s prices and divide by projected 2025 earnings, stocks look much cheaper. That’s his point.
Overall things always look expensive in the moment. But when you compare today’s stock price compared to their future earnings, they are cheap.
This is why good investors buy ETFs monthly and don’t worry about todays prices.
😂😂😂😂😂😂 CAN WE HAVE A DEPRESSION!
Actually I'm here for it. Things need to slow down, everything is too freakin busy everywhere. You can't move, and constantly waiting in line or traffic these days. A recession will slow down home building as well. I'm so sick of listening to construction sounds and these huge trucks used for building homes. They drive as slow as they can, to take as much time just driving back and forth getting supplies, jamming up our back roads. A recession is exactly what's needed. Bring it on. They keep saying we will have a recession, yet unemployment at its lowest. Things are way too crazy/busy out.
Alan ain't wrong...
The economy is doing fine with thousands of jobs on their way from the infrastructure projects alone. And wars do boost business activity - the Ukraine war being on point. As for Israel’s war, that will soon fizzle - running out of goodwill.
This is no longer a recession. Not even a depression. Its much worse, its A CURRENCY COLLAPSE! And the world's slow response to America losing its status as the reserve currency is worrisome. Note that a weak dollar can signal an economic downturn, making me to wonder what the best possible ways to hedge against inflation. Overheard people say inflation is a money-eater. I worry about my entire $879k savings.!!! Can anyone relate?
@bezosjesss I totally agree, having a wealth manager for investing is genius! Not long ago amidst the pandemic crash in March 2020, I was really having investing nightmare prior touching base with a licensed broker. In a nutshell, i've accrued over $839k with the help of my advisor from an initial $210k investment thus far.
@georgeh This is something my husband and I have been wanting to do, but we've been stalling for a long time now. Don't really know which firm to work with; We feel they are all the same. We just moved to the UK.
I was just fortunate enough to have the guidance of a successful and highly knowledgeable wealth advisor, 'HEATHER LEE LARIONI'. That was a smart move since my portfolio has grown at a tremendous pace.. my account just mirrors what she trades and not just on some particular industries of my choosing
@georgeh I might have seen this name somewhere in reviews or so, can't really recall. We'll be following her up. Thank you so much for saving us hours of researching.
I heard big short squeeze coming soon.
As ppl keep shorting undervalued companies. Why not?
Big banks have already stopped hiring technology people. They are going to miss lot of good talent to other industries.
Coming? We are already in a recession.
I wonder what Tom Wee thinks lol
Nah Biden will save ya with his check writing.😂
With fed saying rates higher for longer until 2026. I think we see bull run for investors / 1% and btc could hit 250k then we get depression afterwards.
The market climbs a wall of worry. Until you see some real layoffs, there is no recession coming. I am not even seeing houses with yard signs. That means people are strong, not willing to sell, not worried one bit. The consumer is still just flush with cash. Wait for some unemployment claims or some housing inventory, or some used car inventory.
Layoffs come DURING a recession not before
Are you serious!!!! A lot of people are behind on house and car payments!!!! What put a sign in your yard to sell, a house you are behind on, and not be able to get a mortgage for another one!!! Corrupt democrats are not letting the news tell you this, because they want brainwashed democrat supporters to believe everything is good, all for a vote!!! People need to wake up! This isn't good, and now 2 wars going on!!! You are going to see layoffs after the election, so democrats can look good until then, and for if Republicans take over then they can blame them!!!!!
PE bankruptcies are jobs. It just seems so disconnected from reality that no one talks about that. Each company that goes down to PE makes America a little less competitive.
Is that recession end or not in 2024
Great
The guy they had on the other day says the opposite….hmmm
Old one two forever. Rich get richer poor get poorer...
For the last 6+ years it’s been coming and if and when it hits they will all say I told you so
Biden’s teleprompter will never let them utter those words…
OMS my 401k account got robbed again!!!
Lol @ private equity being the smart money 😂
I have no confidence in the stock market my longterm diversified investments have performed horribly the past 2 years.
Believe only, US economy is still hot and stong.
Evil twin Gianola
Been saying that for three years now. Quit fearmongering.
We've been in a recession. Bidenomics. 🤦♂️
Recession is only the beginning, I am afraid haha.
Great stream, as always. I appreciate the level-headed approach you take to the news and the markets . A lot has changed and that's on everything but the truth is I don't even care much about bullish or bearish market anymore because Mrs Janis Morgan got me cover as I am comfortably making 7.9 BTC monthly.
You invest with Mrs Janis Morgan too? Wow that woman has been a blessing to me and my family. Her trade signals and strategies are extremely accurate.
Mrs Janis Morgan changed my life because of the high profits I got from investing with her after watching her interview on CNBC News and also her clients' testimonials on CNBC News.
I'm surprised you know her too. I've been making a lot of profits investing with her for a few weeks now.
I'm new to this and is not the first time i am hearing of Mrs Janis Morgan, how can I contact your broker?
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much.
We have been in one since July of last year I’m not sure why people keep denying it
Oh we're nearing a recession, in the next few months in 2023...
A few months later a recession isn't here. Businesses are still booming, and the housing market is still strong despite extremely high costs. We need to get rid of the rich, stop paying the rich and either pay everyone a fair share of pay for business employees, or close all businesses entirely and leave everyone homeless. Everything is going to go all digital in about 10 years
wrong
During a recession many stocks and assets might be undervalued . Although I think that right now is the best time to profit from the market for long-term advantages, I've heard of investors generating over $400k in profit during downturns and I'm looking for strategies to achieve similar success.
It's all a charade! It is advisable to disregard the current trend, whether positive or negative, and adhere to a suitable trading plan, ideally with professional assistance.
Had a good run during my first year in the fin-market, I assumed I had a hang on it. However, things changed during the pandemic, and I needed to diversify into safe assets, so I approached a coach who devised a structure that matched my annual goal of 200k
It's unfortunate how the downtrend has significantly decreased the value of my portfolio, but how can one locate a resourceful coach? I like the thought of using their services.
*Alicia Estela Cabouli* is my portfolio-coach, I found her on Bloomberg where she was featured, I looked up her name on the internet. Fortunately I came across her site and reached out to her, you can verify her yourself.
Thank you very much. I just checked her out and I sent her an email. I hope she gets back to me soon.
Many stocks and assets might be undervalued during a recession. Although I think that right now is the best time to profit from the market for long-term advantages, I've heard of investors generating over $400k in profit during downturns and I'm looking for strategies to achieve similar success.