Powell's message to markets was 'confused and confusing': Allianz's Mohamed El-Erian
HTML-код
- Опубликовано: 18 сен 2024
- Mohamed El-Erian, Allianz and Gramercy advisor and president of Queens' College, Cambridge, joins 'Squawk Box' to discuss his problem with Jerome Powell's message to the markets, the Federal Reserve's data dependence, 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
The volatility in the market is alarming. How can i diversify my reserve across multiple markets while creating a comprehensive portfolio allocation that balances my concerns of risk aversion and returns that meet yearly inflation? I mean I've heard of people making up to $300k weeks during this crash and I'd like to know how.
You have to get a financial-advisor/broker to aid you diversify your portfolios to include commodities, inflation-indexed bonds and stocks of companies with solid cash flows, as opposed to growth stocks where valuations were based on future potential earnings
I agree, my profit have been quite consistent, regardless of market situation, I got in early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2020 this time with guidance from a portfolio-adviser that was commended by a popular economist on a subreddit, long story short, its been 2years now and I’ve gained over $850k following guidance from my investment adviser
Please can you leave the info of your investment advisor here? I’m in dire need for one
Deborah Jean Dykstra, one of the best portfolio manager;s out there. she;s well known, you should look her up
Thanks, I just googled her and I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.
The financial market is one of the most powerful wealth creation tools that we can use to become extremely wealthy. If you save money, your bank account will grow by a certain amount of money each year. If, on the other hand, you invest your money, your portfolio will grow by a certain PERCENTAGE each year. The distinction between these two concepts is enormous. My net worth has grown by $800,000 since the fourth quarter of 2019.
There are numerous misconceptions about investing in the market, which is why so many people fail to capitalize on it. However, given the current CPI figures, it is not advisable to have money sitting around with no or little profit. I have $60,000 to invest, but it's difficult for me to bite the bullet and do it. What happens if I lose everything?
You need a Financial Advisor, my friend, to avoid being taken advantage of. They offer personalized advice to individuals based on their risk tolerance, putting them among the best of the best.. Some have a terrible reputation, others with a strong track record can be quite good
@zahairobrian671 I've been wanting to start investing for a few months but haven't had the courage to do so because the market has been down for the majority of this year. Please tell me how I can rely on such abilities.
Bipan Rai, the North America director of FX strategy at CIBC Capital Markets, expresses a rising apprehension that recent data suggests the Federal Reserve might be slightly lagging in their response compared to their initial expectations for this year. My portfolio is witnessing more losses than gains. I'm curious about how other individuals in this market are achieving gains of over $350,000 within a brief timeframe.
If you track numerous captivating stocks across various industries, it would be wise to collaborate with a financial advisor who can help you determine the optimal timing for buying and selling the shares or ETFs you wish to acquire. Remember, you don't have to act on every forecast and a professional advisor can provide valuable guidance in this regard.
It is common for individuals to underestimate the importance of expert advisors until they experience the negative consequences of their own mistakes. When I faced the challenges of the COVID-19 pandemic and the loss of my job in early 2020, I realized the need to secure my financial stability. Therefore, I sought the assistance of licensed advisors. I was fortunate to discover *STEPHANIE KOPP MEEKS* , whose information can be found online. With her practical expertise and decades of experience, my previously stagnant reserve of $325,000 has since generated significant returns through subsequent investments. I am grateful for the valuable guidance I received from someone with such a wealth of knowledge and expertise.
@@Erikkurilla01 We are just one step away from acquiring wealth through access to information. I am aware of many individuals who have accumulated fortunes from the Dotcom crash as well as the 2008 financial crisis. Currently, I am exploring similar opportunities within the current market. Can this coach, who provides guidance, assist me in this pursuit?
@@Lemariecooper I am being advised by *STEPHANIE KOPP MEEKS* , who serves as my financial advisor. I discovered her through a CNBC interview and contacted her afterwards. Since then, she has been providing me with valuable guidance on entry and exit points for the specific securities I am interested in. If you wish to verify her credentials, you can quickly conduct an online search using her name. I essentially follow her market decisions and have not regretted doing so.
@@Erikkurilla01 I am currently in a desperate situation and clinging to any hope I can find. Your suggestion couldn't have come at a more opportune time! After conducting a brief internet search to gather more information, I intend to reach out to her.
😀The equity markets think they are less hawkish because their jobs depend on it
Investment in stocks is a great way to invest your money. The team is constantly checking the market for changes and make sure that you are always informed about the best time to invest. As a result, I have made more money than ever before, and I don't have to manage my portfolio on my own! Invest in stocks, it's worth it!
@sanae_fesSCAMMERS HERE 👆
Inflation hits people a lot harder than a crashing stock or housing market as it directly affects people's cost of living that people immediately feel the impact of. It's not surprising negative market sentiment is so high now. We really need help to survive in this Economy. The ETF/Equity market keeps swinging.
When the news is the worst and investor confidence is at its lowest, indices routinely turn from a bear market to a bull market. This illustrates how quickly the market's direction may change.
@@hannahdonald9071 I agree, and for that reason I prefer to have a financial consultant make my day-to-day investment decisions. Given that their entire skill set is based on going long and short at the same time as well as employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's nearly impossible to not out-perform. I've been using a financial consultant for over two years and I've been seeing positives.
It's run by SALVATORE FORTUNATO SOFIA, a financial consultant whom I learned about and got in touch with thanks to a Kiyosaki radio interview she was featured on. Since then, she has served as the point of entry and departure for the equities/stocks we have emphasised. A search using her name on the internet can be done if tracking is necessary.
@@graceocean8323 She appears to be a true authority in her profession. I looked her up online and found her website, which I browsed and went through to learn more about her credentials, academic background, and career. She owes me a fiduciary duty to act in my best interests. I set up an appointment to use her services.
Market sentiment is negative?? !!
The Market have been suffering over the past month, with all the three indexes recording losses in recent weeks. My $400,000 portfolio is down by approximately 20%, any recommendations to scale up my returns before retirement will be highly appreciated.
Avert too-good-to-be-true con tricks. Consult a fiduciary counselor; these professionals are among the best in the business and offer individualized guidance to clients based on their risk tolerance. There are undesirable ones, but some with a solid track record can be excellent,All Thanks to Mark Stuart Jordan and Lack Words to express my feelings
Yes, I've been in constant touch with a Financial Analyst of Mark Stuart Jordan for approximately 8 months. You know, these days it's really easy to buy into trending stocks, but the task is determining when to sell or keep. That's where my manager comes in, to help me with entry and exit points in the industries I'm engaged in. Can’t say I regret it, I’m 40% up in profits just in 5months with my initial capital of $160k Its blessing Meeting Mark Stuart Jordan'
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
You can do your research Mark Stuart Jordan and be on the lookout for one with intelligent strategies who'll help your portfolio maintain an unwavering and a progressive growth.Mark Stuart Jordan is my FA. he has the Flexibility & Expertise to Meet Your Needs. Verify him yourself
I curiously looked up Mark Stuart Jordan online and researched his accreditation. He seem very proficient, I wrote him detailing my Fin-market
This guy is gold his last statement is key and some of the best analysis I have heard in years
Fed wants to and needs to hike, but they're scared about the regional banks going belly up.
Banks have loaned too much money on overvalued collateral -- to too many people who are not likely to repay the loans. Isn't their main job to be very careful to not do those things. Make depositors whole and do not bail them out this time.
You're absolutely right.
Powell paused because he didn't want to rock the regional banks any further and create another banking crisis.
I suspect they're working in the background with the regionals to get them in a postion that they can withsatnd more rate hikes that are probably needed when they come.
In the meantime, POwell needs ot grow a set of balls and tell the senile ole joe admin to stop goosing the economy with their insane stealing from tax payers and deficit spending like drunken sailors in opposition to the Fed's efforts to quell inflation.
That's why inflation is stubborn.
@@eugenefirebird8938 I was under the impression that banks invested more than they were supposed to in long term US Treasuries.
Since the long term rates have tanked, banks who invested way more than they were supposed to, have massive unrealized losses.
Corporate greed and lacking regulation caused this mess. IMO regional banks will be the catalyst for the upcoming recession.
Let them fail. They could merge right now if they wanted to get bigger
@@xst-k6
You're right with a tweak,... they invested in to 10 year treasuries when yields were 1 to 2%.
Since then, with the Fed raising rates,... the yields on those treasuries has gone up.
When yields on treasuries go up from say 2 to 4%,... the price of the treasuries falls due to the inverse relationship. And because they're longer term they fall a lot,.. by as much as 20 to 30%.
And that's where they get the unrealized losses. They'll be made whole if they hold to maturity,..
But if those notes were bought with despositors's money and depositors want their money to put into treasuries now paying 4%, the banks would have to sell them at a loss.
The losses would be much higher than their equity and capital requirments.
The Fed saved those after the SVB failure with the new facility where they could borrow against those treasuries and full face values to allow depositors to get their money.
But still left banks paying the interest on the money they borrowed from the Fed that is higher than the yield on the treasuires they hold.
So profits will decline.
Interest rates should not be set to enable or bail out overexposed stock market gamblers, nor should the Fed's intentions be crystal clear to those "investors." The Fed does not exist to keep stock prices high. 5% Fed funds rate is a normal historical rate. The foolish policy was to lower rates below that in the first place. We need many more rate hikes to flush out the losers who have got $trillions in free asset equity for doing absolutely nothing -- and to bring asset prices back to real value.
It's pretty clear they don't care about the market when we've seen the fastest speed of hikes since the 80's. The issue now is bank stability and systemic risk. A small handful of stocks are driving the market currently, but the vast majority are not participating. If the fed wants to continue increasing rates to bring down this handful of stocks they would be doing it for the wrong reasons, as systemic risk is a much bigger issue, imo.
Interest rates to 15%!
well said. the game is now rigged. No surprises
Raise those rates and keep them there forever,no free money.
That is the right market outlook
Powell will go down as one of the best Fed chiefs ever. He saved this country and somehow achieved a soft landing in this mess. No chance of a recession with the job market this strong.
@Pallaball I’d agree, so far so good, with rates adjusting there is considerable lag. Hopefully it goes that way so far seems good, but a little too early to call victory
it was not confusing, markets want to trade and markets don't care until something will get broken, for example stock market, do you fell that it is justified that we are 400 points from 2019/2020 highs? Where is solild bacground for this rally? All around the world people reduced spending to minimum , so for me what I'm seeing is that we are being lied like in 2008....
We are already seeing the consequence of inflation and that’s increasing crime, poverty, homelessness. Certain sectors of the population is suffering.
You know the Fed in years to come will say 2% was our long term target...😅
Mr el-erian is so knowledgeable but I hear the same words on Fed talk is confusing. Fed has been doing this as they do not want to be wrong again. What is new? Would love to hear anything new from him
Well, there goes the inflation fight, MOVE THE GOAL POLE, yes 3% and all ends well, with the middle and lower class suffering. While when the next inflation wave comes 5% inflation would be the norm.
It's not confusing. They know the next couple reads will come in hotter because of last year's numbers and they have just decided they need to be political instead of practical.
no they will come in lower bc y/y comparisons to 9% inflation to today. But because they are going to come in with 3% handles they're scared it will go back up again in the fall. China failed to reopen because their government provided no stimulus so people didn't make money due to no work or have stimmies to spend coming out. Oil is clapped. Plus Russia promised to cap their production and didn't. India and the BRICS are eating up cheap energy and destroying the commodity's value
Even the idea of higher inflation target is damaging. Even the current inflation calculation is much lower than reality. FED and ECB should stick to average inflation of 2% over 5 years.
Yes Mohamad, lets discuss if this economy will ever be able to sustain a 2 percent inflation rate and what would it take for that to happen?
Mo is like, let poor people starve. The rich can handle 3%.
He never says anything bad about Christine Lagarde policy's.
Jerome Powell couldn’t even be a store manager in walmart but we made him one of the most powerful man !
The way he speaks is also very wrong by using “you know” after every sentence
I don’t know what it is
But I never ever was able to see any value in what Mo says!!
SHAME ON YOU!! Always advocating for higher inflation target goal. You are always thinking about what will make the stock market florish, with little regards for how the most vulnerable low-income workers have suffered and will continue to suffer.
You have no right to criticize Powell becuz you are just like him--both if you only care about creating wealth for the rich!
I love him so much
Be vewy, vewy afwaid.
😂😂😂😂😂
El Erian 👍🏻
Its about liquidity...The Feds have raised rates (and didn't last week) while the government spends like crazy and Yellen and the Treasury folks injected half a trillion in 60 days keeping regional banks alive...deliberate design and completely nuts.
Being short the market I am ok with a pause if it isn’t a skip because historically the market drops after the pause.
Does this guy ever focus on his ACTUAL job. Seems to love being on tv.
What’s better inflation at 3-4% and unemployment at 4% or inflation at 2% and unemployment at 6%. I would say welfare is better with lower unemployment but investors would have it backwards. Many investors are just incompetent and lazy.
Even El-Erian admits defeat. The 2% target is dead.
Fewer and fewer people will be able to afford a middle class life.
He looks like Leonard Breznef,s brother.
Once Credit allowed 'No Money Down' lines, that horse has left the Barn....
Now we're all watching the Barn Burn Down!
When it comes to the world of investing,most people don't know where to start.fortunately,great investors of the past and present can provide us with guidance
I heard a lot of investing with Mrs Alice foster and how good she is, please how safe are the profit?
After watching so many RUclips tutorial videos about trading I was still making losses untill Mrs Alice foster started managing my investment now, I make $6,800 weekly. God bless Mrs Alice foster . Has been a blessing to my family,
I've seen a lot of recommendation about Mrs Alice foster , Please can I have his info? I want to invest 2,000usd with her.
I invested $2,500 and I made $7,450 weekly trading with her, I only trust Mr Alice foster With my investment. I am now able to send my kids to a great school in LA, all thanks to Mrs Alice foster Good woman❤️,
My first investment with Mrs Alice foster gave me $24,300 and that has made me invest without the fear of losing, I got four of my friends that I referred to him and they are making profit just like me. May God bless Mrs Alice foster
Good. God forbid not turning a profit from the labor of others for any given period of time 😑
this is El-Erian common script. Nothing new - just playing a broken record.
A scary John Oates.
Fed is fighting equity inflation.
Markets waiting on Powell to capitulate and catapult much higher. Go AI, Go Apple, Go Tesla.
Regardless inflation to go much higher to pay for gov programs and war.
Sir. we are not confused and we wont wait. powell was clear. if it falls we buy again
Don't bame it on me. Berlin and Da Führerbonker would be the right-wing address for any complaints.
He is confused since the last 12 months ...
Why? Because your stocks are down?
Most times it amazes me greatly the way I move from an average lifestyle to earning over 63k per month, utter shock is the word. I have understood a lot in the past few years to doubt that opportunities abound in the financial markets, The only thing is to know where to focus.
@terrygeorge3545 I understand how you feel, which is why I opt to entrust the day-to-day decision-making to an investing coach. With their specialized knowledge and extensive research, it is highly unlikely for them to underperform. Their expertise is centered around harnessing the asymmetrical potential of risks while also employing measures to safeguard against unfavorable outcomes. I have been collaborating with an investment coach for more than two years, and as a result, I have generated over a quarter million dollars in returns.
@terrygeorge3545 Certainly, you can utilize a search engine to search for Maria Elizabeth Filindras . However, I'm unsure if I should delve into this topic. Back in 2020, she garnered considerable attention. She currently oversees my portfolio and acts as my mentor.
@fredydez634 Congrats, well she has really been a blessing to me. Since engage my financial dealings with her it has always been a success.
Who cares JP? The guy already lose his credibility. Pump the stock, lads!
The Fed can fight inflation or protect banks but it can't do both at the same time.
Banking in America is in a precarious position due to rapidly rising interest rates. First, banks' deposit base is fleeing banks for higher returns in treasury bills & notes. Second, a substantial number of banks have losses in their bond portfolios because of the rapid rise in interest rates. And last but not least, just over the horizon is a potential crisis in commercial real estate loans caused by the work-from-home movement during the pandemic. Despite what is said, banking is not healthy.
Inflation is high(er) because the Government 1) overstimulated the economy in response to the pandemic and 2) flooded the economy with excess money supply.
Powell and the Fed have chosen (correctly) to protect banking. We can live with higher inflation for several years, the economy can't survive without banking. It's a simple decision.
If you truly care about the working class, the inflation target should be 0%!
The Fed's job is to feed as much free asset price inflation equity to their bosses on Wall Street as they can. The rich want that good old free money for doing absolutely nothing, and they have been given $trillions of it since 1995.
The working class gets pay increases; the rich, who primarily earn from assets, are the real victims of inflation.
That's why we hear so much about it; if it was really just a problem for us, no one important would care this much.
🤡🤡🤡🤡
FISH LIPS POWELL WILL SAY SOME HAWKISH STUFF JUST BECAUSE CRYPTO IS BULLISH 😂
THE STOCK MARKET IS GOING UP!!! INVEST!!! WE ARE ALL GETTING RICH BECAUSE ITS ALL GOING UP!!! BE GREED WHEN ALL ARE FEARFUL!!! LETS GET RICH GUYS!!! MONEY MONEY ;D buy low SELL HIGH!!! simple!!! DONT SELL!!! BUY BUY BUY!!! HOLD FOR 10 YEARS!!! for rich ... for SUPER RICH HOLD FOR 50 YEARS BEST TIME TO INVEST AND BE A BILLIONAIRE. BECOME THE NEXT WARN BUFFET
Over the years I have seen many fed watcher interviews, and El-Elian is undooubtedly the least insightful one. Viewer’s time would be better spent on watching anyone other than him.
He is no different than a hair dryer. You turn him on and you get hot air.
🤣😂🤣😂🤣
She's got a lot of city miles on her.