Weekly Market Recap: How Many Rate Hikes Until The Market Breaks?

 
Weekly Market Recap

Lance Roberts of RIA Advisors joins Adam Taggart to summarize the notable developments in the financial markets over the past week. 

This week Lance & Adam discuss whether the Fed has much runway or not to hike interest rates much further. Lance is of the mindset that it doesn’t have much room — that something important in the financial system will start to buckle once the Fed funds rate gets near 1% (it’s currently at 0.25%). When that happens, Lance sees the Fed reversing course and returning back to Quantitative Easing in attempt to rescue things.

Lance and Adam also enjoy a rant near the end of the discussion about Elon Musk’s recent attempted purchase of Twitter and how it’s revealing a lot of hypocrisy in how media and Wall Street operate in order to protect their current privilege.