Todd Horwitz, chief market strategist of Bubba Trading.com, gives his outlook for the economy, stocks, and commodities for 2024.

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*This video was recorded on January 8, 2024

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0:00 – Intro
1:30 – Market performance
5:00 – Fed pivot
7:20 – Market correction
8:55 – Commodities
12:10 – Inflation
14:40 – Economy’s problems
15:50 – Oil
18:30 – DXY
19:22 – Labor market
21:38 – Geopolitical risks

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As the stock market continues to fluctuate in response to the ongoing global pandemic, Todd Horwitz, Chief Market Strategist at Bubba Trading, warns investors that stocks could still crash by 50% in this economy. Despite recent rallies and signs of economic recovery, Horwitz believes there are several reasons why the stock market is still at risk of a significant downturn.

One of the main factors contributing to this potential crash is the ongoing uncertainty surrounding the pandemic. While some countries are making progress in controlling the spread of the virus, others are still struggling to contain outbreaks. This uncertainty is causing a lack of confidence among investors, leading to increased volatility in the markets.

Additionally, the economic impact of the pandemic is far from over. Many businesses are still suffering from the effects of prolonged closures and reduced consumer activity. Unemployment rates remain high, and there are concerns about the potential for a second wave of infections, which could further disrupt economic recovery efforts.

Furthermore, the Federal Reserve’s aggressive monetary policy response to the pandemic has raised concerns about the potential for inflation and the devaluation of the dollar. As the Fed continues to pump trillions of dollars into the economy, there are fears that this could lead to a market crash and a significant devaluation of stocks.

In light of these factors, Horwitz advises investors to proceed with caution and consider diversifying their portfolios to protect against potential market downturns. He also emphasizes the importance of risk management and being prepared for the possibility of a significant stock market crash.

While some may argue that recent market rallies and positive economic data indicate a strong recovery, Horwitz remains steadfast in his belief that the stock market is still at risk of a significant downturn. Investors would be wise to heed his warning and take proactive measures to protect their investments in these uncertain times.