Trading Insights with FXT: Episode 20 – Goldman Sachs, US Yield Curve and Oil pointing towards recession in 2023

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0:00 Introduction

0:44 Topics for today

· Market Wrap

· Goldman Sachs Expect Recession

· Interest Rates Taking Toll

· China Opening and Covid Policy

· Crypto Yield Farming

· Gold and Precious Metals

1:32 Market Wrap with Tim Muirhead

· Quiet November, markets somewhat sideways, started looking good and now market has pulled back.

· Interest rate rises are expected but hikes may be over soon.

· Second phase of the inflation cycle has an effect on company earnings.

· Tough year across many markets

5:15 FXT Navigator Wrap with Michael Berman

· Brent Crude Oil YTD% Assessment vs Price Change Over Time

· Signals from Moving average and RSI Stochastic

9:02 Crude Oil 3rd largest day decline

· Oil slides points to recession in US and Euro zone

· US depleted oil reserves by 35%

12:05 Goldman Sachs Recession Claims

· Are we heading into recession?

· Inflation rate hikes may have lagging impacts

· Housing coming off in the US and other indicators showing slowdowns

14:00 China Reopening After Lockdowns

· Large demand from China opening

· Institutional research houses offering conflicting opinions

15:04 Steep recession factors

· US Yield Curve 10Y2Y below 0% leading indication of recession

· Goldman Sachs CEO commented on a highly likely recession next year

· Equity markets yet to factor declined earnings

· Inflation may stay elevated for some time

19:03 Goldman Sachs Year 2075 Forecast (50+ Years Away)

· Growth limitations and demographic differences

· Automation in aging population to counteract issues

22:23 Yield Farming in Crypto

· Crypto Yield Farming Explained

28:30 Ethereum Staking

33:38 Gold and Precious Metals

· Performed poorly in light of market conditions as an inflation hedge

· Rates topping out and inflation remaining high

· Possible recession

· Covid in China required to open, possible economic troubles

Ask us questions in the comments section below!