There should not be a rate cut in 2024, says Catalyst Capital's David Miller

Рет қаралды 16,724

11 күн бұрын

David Miller, Catalyst Capital CIO and senior portfolio manager, joins 'Squawk Box' to discuss the latest market trends, what to expect from the Fed's two-day policy meeting, state of the economy, rate path outlook, and more.

Пікірлер: 49

@PLASTICPIPE 9 күн бұрын

If a cut is done this year it will be pollical and have nothing to do with doing what is best for the economy...

@PeterSedesse 10 күн бұрын

I've been saying that since Dec 2023, there should be no rate cuts in 2024. First for the two obvious big reason, first is that inflation is still above target, almost double. Second is the economy is still adding jobs at a good rate. But on top of that, we are coming off of a couple years of extremely high inflation rates that are already baked into consumer prices. We need to get current inflation pegged to 2% for an extended period of time, just so prices feel better for average americans. If you have 8% for a year, 6% for a year and now 3.5%... only by having inflation at 2% for 2-3 years does that average down to somewhere where it feels good. Inflation at 2% is the goal, not having interest rates as low as possible.

@momomama2510 10 күн бұрын

Adding jobs? What kind of jobs? Are we talking about the minimum wage jobs given to the people who cross the borders every month? So prices feel better for Americans? Are you serious? The prices are way too high now. What’s a lower inflation going to do while a lot of people are losing their jobs? Lower inflation does not bring the prices down. It just slows down the speed of price hikes. People are struggling a lot with the CURRENT prices.

@robertbrown1021 9 күн бұрын

Of all the comments made the last year concerning inflation, this makes most sense. People are so greedy, they want people to continue borrowing money that will never be paid back and it will just continue to raise inflation... Just leave rates the same for 5 years.

@PeterSedesse 9 күн бұрын

@@momomama2510 wages are rising at 4.5%, faster than inflation. These are not minimum wage jobs being added. In fact, most larger states now have a much higher minimum wage than 5 years ago.

@momomama2510 9 күн бұрын

@@PeterSedesse the jobs added are minimum wage jobs given to the immigrants who just crossed. They’re given a work permit as soon as they cross with a court date that’s a year ahead. The real inflation in over 100% since Covid and you have to be insane to believe salariales are keeping up. This is from Reuters: “NEWCOMERS The immigration wave is still leaving its imprint on the U.S. job market, as foreign-born workers continue to account for the largest share of job gains and workforce growth. That could change in the months ahead, however, with the Biden administration clamping down on crossings at the southern border.” “TALE OF TWO SURVEYS While the establishment survey of the latest employment report showed payroll job gains of 272,000, the household survey side showed employment dropped precipitously, by more than 400,000. The two frequently do not agree on size or even direction of monthly changes, but over time do track each other.”

@momomama2510 9 күн бұрын

@@PeterSedesse New jobs are 40k government jobs and the rest is minimum wage for the illegal immigrants with a work permit. Tech jobs, white collar jobs are in the dumpster and if you work in corporate America or are slightly in touch with reality, you’d know. The wages going up are related to minimum wage going up in a few states. Nothing more than that. The true inflation is north of 60% since COVID and wages are not keeping up. New graduates are not finding jobs. Thousands upon thousands of layoffs . Household employment numbers show an actual loss of 400000 jobs in May alone.

@free-qe6wx 10 күн бұрын

Of course the market doesn't need a cut, because the Funds rate is not in restrictive territory and the government is net QE.

@gen-X-trader 9 күн бұрын

Guy is like : we are short bonds. Also guy: fed shouldn't cut 😂

@s.m7667 10 күн бұрын

Big money is making money shorting the market so of course this guy isn't pandering for rate cuts....love how CNBC has these rhetorical conversations.

@evanetter 10 күн бұрын

I don’t like the way he’s looking at Becky

@Ascendsean35 10 күн бұрын

haha

@ugensky1369 9 күн бұрын

He got those dreamy eyes and Becky fumbling her words....lol🤣

@evanetter 9 күн бұрын

@@ugensky1369 right?!

@evanetter 9 күн бұрын

@@Ascendsean35 true, right?!? Get it together dude!!

@rechutriers5592 10 күн бұрын

We will have a rate cut sometime in September. Mark it down

@user-ll9qk2el4d 10 күн бұрын

Nah, the economy is still running strong. Wall Street needs to stop obsessing over it.

@lampsbright8062 9 күн бұрын

@@user-ll9qk2el4d The gov needs to stimulate the economy. They can't send people to go vote with empty pockets.

@user-ll9qk2el4d 9 күн бұрын

@@lampsbright8062 Stimulate the economy = higher inflation. Why would you want to do that?

@rechutriers5592 8 күн бұрын

They know it’s coming. That’s why they are obsessive. Just sitting and waiting for all of that dumb money to take

@middleofnowhere99 8 күн бұрын

no rush on any cuts correct

@alfredomarchione6017 9 күн бұрын

Up, up and away…easy money forever, gotta love MMT💰

@rxdoc2006 10 күн бұрын

ATRFX, last 1 year return at about 7% with an expense ratio of 1.81% Go figure !😊

@salimkhan2710 9 күн бұрын

Easy for him to say, he still has a job.

@willtwain1383 10 күн бұрын

Pete Buttigieg should be sitting right next to slow Joe. Joe gets schooled by Pete, hilariously.

@rickhayes-oh2zm 9 күн бұрын

how can you have a good economy with high inflation

@HodgeChris 8 күн бұрын

Rate cuts commence in June 2024, taking 6-8 months to complete. A potential crash, if any, might occur by March 2025. The soft landing narrative is gaining traction, making this big recession everyone is calling for less likely. With $1 million from a business sale, I'm seeking profitable investment opportunities for the next 3 years.

@Justinmeyer1000 8 күн бұрын

The financial market is a reliable choice. Diversify your portfolio with I-bonds, stocks (ETFs, REITs, dividend-paying stocks), and bitcoin. Given your budget, I recommend hiring a fiduciary to ensure you receive professional insights for a fee.

@brucemichelle5689. 8 күн бұрын

Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.

@KaurKhangura 8 күн бұрын

this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

@brucemichelle5689. 8 күн бұрын

Finding financial advisors like ‘’Marisa Michelle Litwinsky’ who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

@KaurKhangura 8 күн бұрын

Thanks for sharing, I just liquidated some of my funds to invest in the stock market, I will need every help I can get.

@jodame3925 9 күн бұрын

Right so you just keeping getting more inflows? While other Americans suffer

@user-xh5zp5dr5w 9 күн бұрын

I need a job where I get to sit an office and don't have to interact with anyone meanwhile everyone at the company knows that I don't have to work. Like totally exempt from working. But still collect a decent paycheck

@2023gainer 10 күн бұрын

Will the EV sector continue to charge Up this Summer. ? Fisker.. FSRN rising 27 % month... Rivian up 15 % mth..Plug rising 13 % mth..Surf Air Mobility..Idex.. Ideanomics, more.

@rickhayes-oh2zm 9 күн бұрын

gold is telling you rates aren't high enough

@brad1928 9 күн бұрын

“Extreme diversification” is dumb. Why would I do that when I can pick 5 companies in confident in and focus on those? There’s no way you can understand your investments in a meaningful way if you’re extremely diversified

@CalvinMorris-cf8jk 10 күн бұрын

Omar. Cortez. 2028.👍🙂

@drunkensessions 9 күн бұрын

dipshid.

@ryann8348 10 күн бұрын

Yeah, there should be 2 or 3

@nickvin7447 10 күн бұрын

2 or 3 increases maybe.

@ryann8348 10 күн бұрын

@@nickvin7447 nah, cuts, and they should get started Wednesday

@nickvin7447 10 күн бұрын

@@ryann8348 Maybe you should have made better investments if you are hoping for cuts to save you.

@ibrahimseth8646 10 күн бұрын

Debt=1,500B Yield=5% Debt(50 Year)=1,500B*1.05^50 Debt(50 Year)=17,300B=A Buy Gold Physical to pay debt: 1 Month=2.5B 12 Month=30B 600 Month=1,500B Yield(Average)=5% Yield(50 Year)=1.05^50*1,500B Yield(50 Year)=17,300B=A Thank you.

@Alpharizzchad 10 күн бұрын

Gold will go down