Wall Street Unplugged
Episode: 879April 12, 2022

The latest economic data has me f***ing scared

China inflation supply chain

Guys, the latest data has me f***ing scared. 

Today, I break down the alarming numbers I’m seeing around inflation and interest rates—and how to protect your portfolio… and set yourself up to profit.

I’m also nervous about the slowing growth out of China. I highlight the chaotic COVID lockdowns in Shanghai… how they’ll impact global supply chains… and how China’s economic woes foreshadow bad news for the U.S.

It’s a scary market for investors. That’s why tomorrow, I’m releasing an urgent briefing to Curzio Research Advisory members, detailing how to position yourself for what’s ahead—including a new recommendation.

Inside this episode:
  • The latest (scary) data on inflation and rising rates [0:52]
  • China’s government is facing major issues [3:53] 
  • The world’s growth engine is slowing down [9:00]
  • How inflation will affect earnings season [17:15]
  • Curzio Research Advisory gets an urgent briefing tomorrow [20:17]
Transcript

Wall Street Unplugged | 879

The latest economic data has me f***ing scared

Announcer: Wall Street Unplugged looks beyond the regular headlines heard on mainstream financial media to bring you unscripted interviews and breaking commentary direct from Wall Street right to you on main street.

Frank Curzio: How is it going out there? It’s Tuesday, April 12th. I’m Frank Curzio, host of the Wall Street Unplugged podcast, where I break down the headlines and tell you what’s really moving these markets. Last night, and usually night before I start writing up my monologue, just a couple bullet points and I kind of freestyle it, but I started saying that if you’re a trader, it’s probably a great time to buy stocks right now since most technical indicators are showing severely, severely oversold conditions. Severely oversold conditions, conditions that you normally don’t see across the board on all these metrics that I track. I mean, you could be in a bear market and it just gets overly bearish, and everything is so bearish that you’re going to have a quick turnaround. And sure enough, we get a CPI reading this morning showing inflation, the highest since ’81.

Frank Curzio: However, the core CPI, which excludes food and energy, which they exclude that because that’s the most volatile piece, even though that’s our highest cost almost in the whole fricking index, but exclude that because it doesn’t matter, right? Let’s just exclude it. It’s more easy for us to track. But that came in a little bit lighter than expected, probably due to the declining energy prices. And by declining energy prices, we’re looking at 130 to what? 100, 105, whatever it is, right? I mean, we talk about last month’s data when it was tracked.

Frank Curzio: And you’re looking at a lot of media outlets. And we’ve seen a rally in stocks, right? We see the NASDAQ especially, growth stuff. A lot of media outlets are saying this is great news because it looks like we’re topping out here on inflation. It’s peaking. And you see the word hope. Really, if you look at all the headlines, hoping, hoping, hoping, hoping, hoping, hoping that we finally topped out because inflation is still going higher and higher. Remember the days when we had Powell come on and say, “Hey, you know what? It’s transitory.” That was a year ago. For 12 months before November, he was saying that inflation was transitory. That’s how much inflation was rising over that time period. And this just didn’t happen, it’s an explosion over the past couple months. We’ve been seeing this rise for a year and a half now.

Frank Curzio: And the Fed just happened to say, “Hey, you know what? It might not be transitory in November.” And now, from it might not be transitory to, “Holy shit, we’re really behind the curve.” And now, you’re seeing rates explode. 2.8 on a 10-year, you’re kidding me. 2.8 in a 10-year. Mortgage rates, 5.2 quarter percent. You can say, “Well, the highest is 2011.” The older generation’s probably like, “Forget it. We saw 13, 14 percent mortgage rates.” You’re not used to seeing rates rise this much this quickly. And we’re talking about five months ago, they were 3%.

Frank Curzio: We’re talking about 40 days ago, they were 3.25%. Now you look at a 5.25%? Holy cow. That’s an incredible, incredible move, especially since the Fed and the Fed Fund’s Rate is just 0.21% because they decided to only raise by a core percent, which immediately, like the next day immediately all the Fed governors came out and said, “Holy shit, we gotta go a lot faster,” trying to sugarcoat this and hope inflation is going to come down and it hasn’t. But now CPI, the core CPI, the core CPI, which really doesn’t matter to anyone unless you don’t use energy or eat, which I think is nobody, that’s showing that inflation is kind of moderating, which look I hope.

Frank Curzio: I mean, I hope the people predicting this are right, but I’m not buying it. You know why? Because those numbers, they did not account for the recent lockdowns in China, which are absolutely insane by the way. And shout out to those two or three reporters on CNN that are in China and showing what’s actually taking place in Shanghai, where they’re forcing 25 million people, 25 million people, live in Shanghai. I think it’s that? It was nine million in New York city. I mean, it’s probably a lot less than that because everyone’s moving out of New York city these days, but 25 million people just in Shanghai alone, forcing them to be locked down, to stay in their homes. And you should see some of those videos. And it’s so good. Even the conservative sites who are talking about this are showing those videos, every place.

Frank Curzio: So very, very good reporting there. Good job by those people who I don’t know if their lives are threatened, but they could definitely go to jail. But you see drones, drones making sure people are off the streets. They’re showing Shanghai exactly how it was in January, February, March, when they started closing everything down. There’s nobody on the streets except… This just came with no warning. They just started taping up doors and people away from their families. They can’t get back to their families.

Frank Curzio: Some of these people have no access to food. They don’t know what to do. Imagine being separated from your kids and you can’t do anything about it. And that’s why all these people bitching about America all the time, “America sucks and equal rights.” You should go to China, go to China and see how they’re dealing with things, which by the way, our politicians will never talk bad about China because they’re all in China’s pocket. Right? So, will never talk bad about that. Forget about it. Forget about that. Xi’s changed the laws where he’s going to be running that country forever, right? No more term limits. Forget genocide. Forget stealing technology. Forget all that crap. We don’t say anything bad about China. No way. No way. We’re not allowed to no. We’re not allowed to.

Frank Curzio: But when you see these videos, you’re going to be like, “Holy shit.” Seriously, take a look at them. Take a look at them online. And great reporting by those people who are putting online. I mean, I wish news outlets were really like that. Would it be cool if CNN was really like that, reporting the news instead of bullshit stories on both ends, on these super conservative sites and super liberal sites with all the bullshit. But everybody complaining about America, “America sucks.” How about living in the Ukraine right now? How about living in Russia right now? How about living almost anywhere in Europe right now? How much are you paying for energy prices and slower growth?

Frank Curzio: You don’t like America, get the fuck out. Leave. Leave. Just get out of here. There’s nothing stopping you. You could leave. Just goodbye. Go bitch about how terrible it is here. Give me a break. And they got videos of people screaming in apartments. And it’s like these massive… An apartment project, like four or five, six, looks like 40 story-rising apartments. And as they’re locking down at night, you just hear people screaming and yelling. They don’t know what’s going on. I mean, holy shit. Imagine that happened here.

Frank Curzio: Remember in January 2020, an employee just left us to go take a teaching job in China. She’s awesome. Love her. I wish she stayed. But she went there right before COVID and she was on lockdown. And she sent an email and I’m like, “Wow, what’s going on over there? Because everything I’m hearing… ” This is in January before… Everyone was really talking about it here. I’m like, “Holy shit. I mean, it sounds pretty crazy.” She says, “You had no idea. Give me a call.” And I spoke to her.

Frank Curzio: The shit she told me being locked in a room. She can’t leave. Barely had access to food. She had like a little menu that was very limited that she could order from. And then they knock on the door and just drop it off right outside the door, which she had to take it. She couldn’t wash her clothes. She’s locked down for 14 days. Just took her through someplace, locked it down for 14 days. How crazy is that? I mean, that interview led me to really start researching COVID, knowing that it was coming to the US, in view of people on lockdown in Italy.

Frank Curzio: But China, holy cow. I mean, you forget how it’s a dictatorship, how dangerous it is. I mean, increasing those limits so you could basically have power forever, I mean, that’s our biggest enemy, not Russia. I mean, the technology, the genocide. I mean, how many people did they kill of COVID? They didn’t let anyone in to help them. They’re still denying about Wuhan. I mean seriously, tens of millions of people died. And he still won’t admit that. It was fabricated in a lab in Wuhan. We all know that now. Again, our politicians continue to support China. Our media outlets rarely have a bad thing to say about them. It’s crazy.

Frank Curzio: Anyway, these lockdowns are very, very serious. And the reason why I called for a special briefing, and that was in February… And I rarely do this. I called for a special briefing, and this was the first, second week of February. After doing all my research, everything on China said, “Holy shit,” because China is the growth engine of the world and they’re closing everything. And we are trading at this expensive valuation like everything’s going to be okay and COVID is about to hit here. And we sold out a lot of positions in the newsletter. I wish I sold them all, but we sold out a lot of them. And then we’re able to get back into the market a couple months later and did very, very well during that period, doing the research, going back. That was back in February. It was January.

Frank Curzio: Now, look at today. If you’re looking at these lockdowns, they come at a time where inflation is surging in China. And this is based on the recent CPI, PPI numbers released earlier this week. Now, why is that such a big deal? Because we’re talking about our CPI. And our markets are going higher saying, “Okay, we got inflation moderated.” This could be it. This could be peaking right now. Some are peaking. That’s what they’re saying. Not so fast. China is a nation that the world is counting on for growth right now. Okay, they’re one of the largest exporters and their government announced it’s going to implement easy money policies to help spur growth, which nobody could do right now because inflation’s out of control.

Frank Curzio: China didn’t really have that problem. They solved inflation. It was a lot higher. It’s not a record high. It was a lot higher three, four months ago. And they’re like, “Hey, we’re going to implement these easy policies. This way, we could stimulate growth, which is great for the entire world.” That’s who we’re depending on. Now ,we’ve got high inflation, super high inflation in China. So, how do you stimulate an economy when inflation is running wild? You have to do the opposite. If they shrink your balance sheet, aggressive rates, something the Fed is finally, finally, finally starting to get after 18 months, 24 months of really rising inflation. Remember, they set at 2%. 2% was that rate where if it goes above 2%, we’re going to start raising rates. We’re at 8%. We’re over 8%. And we raised how many times? Quarter percent. Crazy. We should be at three, three and a half percent on the Fed Fund’s Rate right now. That’s how crazy things are going to get.

Frank Curzio: I don’t know if that’s factored into stocks right now. So, you’re seeing them pull back a ton, and yes, you’re going to rebound. That’s what happens. It’s like a rug. IT stretches and it comes… But what you’re going to see. But the trend is still lower, lower, lower. So, strong growth that everyone is expecting out of China, those easy money policies kind of off the table, which is not good. And now, you’re thrown in the recent lockdowns, which by the way, I’m not sure if you saw the data yet. Yeah. I like throwing out data even though people will sometimes disagree, especially during COVID. I got so many emails. “You’re crazy. You don’t know what you’re talking about,” whatever. Okay. Whatever. Okay. The data’s wrong. “Well, you should follow CDC.” This is data from the CDC. Well, if you have an agenda, don’t fucking email me. But if you want to learn and know the data so you can make money off of it, this is what you do. You gotta look at the numbers.

Frank Curzio: But according to the data, China is saying more than 20,000 new cases for the entire country. Most of those, I think it’s 13,000 other cases, are in Shanghai. So 20,000 new cases per day out of a population of 1.4 billion, and they go full blown lockdown, being monitored by drones, really, really being enforced. No COVID policy. Very, very strict. So, to put that in perspective, there’s about 330 million people here in the US. As of yesterday, we’re seeing 30,000 cases per day. 30,000 cases per day. Okay. They’re seeing 20,000. We’re not on lockdown.

Frank Curzio: Yes. We have massive mandates now in Philadelphia and other places, which is insane. Right? We know the data. We know a lot of that stuff doesn’t work. We also know that lockdowns are one of the most terrible ideas we ever had as a country because COVID is only super, super dangerous for a small group of people, which we identified within the first three, four months. First three, four months of pandemic we knew because that’s when a data started coming out. But it’s crazy that China is locking down their entire country based on an infection rate, not a death rate, an infection rate of 0.0014%. There’s probably a great chance of you getting eaten by an alligator than dying from new strand of COVID in China. And they’re closing their entire economy, taping their doors, forcing people inside. You can’t see your children. Wherever you are, you’re locked in, too bad. Don’t have access to food? Starve.

Frank Curzio: I mean, they’re showing videos… Again, those people we’re seeing it, great, great job of how… They’re taking people out of the apartments, and they’re killing their pets. There’s video footage of this. I mean, it’s crazy. I think that would be the final… You could do anything you can. You have genocide. You could steal all technology, do anything. If you mess with our pets in the US, forget it. It’s over. It’s over. I mean, you could even… They don’t even have to do anything for the environment. The environmentalists don’t even care about China, right? They have coal. They don’t even care. Pets, that’s where everyone draws the line. That’s where people get super crazy, which is kind of funny. Right? It doesn’t matter.

Frank Curzio: Genocide, You’re good. You killed all people. Fine. You steal a lot technology. You’re good. Don’t worry about it. Okay. “What the fuck? You killed all our pets? Holy cow. Now, you going to see everyone come out against China.” But this is what’s going on there. Pretty crazy, right? When you look at the numbers a full lockdown. Now, regardless of how other countries deal with COVID and if you hated it, if you like it, whatever, you have to look at the facts. China’s on lockdown again. This means more supply disruptions in almost everything, cars, food, chips, textiles, bedding, lighting, plastics, electrical machinery, one of China’s large exports. That includes mobile phones. And the data I get that tracks this stuff on a weekly basis is showing that ports are becoming extremely congested again and supply chains are being disrupted again.

Frank Curzio: What does that mean? And means that there’s going to be less goods coming here. It’s going to take longer to get stuff. And to account for that what do businesses have to do. They have to raise prices. So, if you think that we’ve topped out… Again, hoping, hoping because if you believe inflation is peaked just because of the CPI data we got this morning, the core CPI data we got this morning, I hope you’re right. I really do. The data doesn’t suggest that.

Frank Curzio: So, you’re can see more supply disruptions in China, the world’s growth engine, which she’s about to implement easy monetary policies. Well, that’s probably not going to happen in the short term as they’re seeing much higher inflation than expected. And you know what? That doesn’t bode well for the US or especially Europe. We’re dealing with an energy crisis, a huge and far worse than ours. But the slowing growth, they’re dependent on Russia for energy. And they’re trying to say, well… They’re trying to fight Russia. They’re trying to put these sanctions on Russia. They’re trying to talk tough on Russia. Russia shuts off energy, they’re done. What are they going to do?

Frank Curzio: I mean, Italy’s scrapping. They’re trying to sign deals I think with Algeria or something like that. I mean, I don’t know if you know what’s going on in Europe right now, but it’s insane. It’s insane. It’s at a point where they better be careful what they say to Putin because India is like, “Hey, I’ll buy everything you got at cheaper prices. I mean, we have a poor economy. You wanna sell us oil cheaper. We’ll buy everything. We don’t give a shit if people get pissed right?” Because India is like… Who knows who site India is on? Nobody knows. It’s weird. Right? We know where every country stands pretty much except for India. “Well, we don’t like Russia. We’re going to buy all their shit because we need it. But… ” Really nobody knows.

Frank Curzio: And it’s not like we get anything from India. So, it’s kind of nobody bothers with them. They could do whatever they want. But it’s just weird because it’s… Isn’t it more populated than China or second? Whatever it is. I don’t if it’s… They’re going to buy shit. You don’t know what side they’re on or whatever because you have to pick sides in times like this. But it doesn’t bode well for the US. Doesn’t bode well for Europe, most of the developed countries. It’s getting worse. You’re going to see inflation continue to move higher, which means if you look into buy stocks on this rally… I’d be more of lightening up my positions. I think that’s better because we always buy the dip, buy the dip, buy the dip because you had the fed, the punch bowl. “We gotta bailout everybody. Everything’s okay. That’s fine. Everything’s going high. Everything’s getting funded. More money into the system. Throwing money everywhere.”

Frank Curzio: Those are over. You’re not the punch bowl anymore. So, it’s more like a cellar rip environment. And that’s probably what you’re going to see here. Maybe a couple days of the market going higher, good headlines. Then next week, you get back to inflation numbers. And you’re getting some more inflation data towards the end of the week. But more importantly, we have a lot of negatives with war and inflation and everything, but we’re heading into Q1 earning season. And that happens this week. And then we have it pretty much through mid-May. And that’s when most of the companies are going to report, most of the companies.

Frank Curzio: So in two weeks, I think you have something like 45% of S&P 500 companies are going to report in that one week. So, it’s probably two weeks from now. That week period is… I think it’s almost half the S&P 500. Okay? Q1 earnings season. And I’m not sure if you know this because I track earnings… I love earnings season. Daniel and I are going to come on tomorrow, probably talk about earnings season and what to look for, and analyst estimates. I always tell you to look at the fact set. Just put fact set, PDF earnings, and Google. And sometimes, it’s a week or two old, maybe you get lucky if it’s a day old, depending on when you’re looking at it.

Frank Curzio: But it’s like a 25 page report of everything about earnings. Its sector analysis is great. I mean, they should be charging hundreds of dollars for that report every time they publish it. And it’s for free. You can get it for free. But take a look at that report because what you’re going to know is consensus estimates for this quarter, Q1 2022, this quarter with everything going around, supply chain disruptions, inflation, earnings estimates have been revised 2% higher year-to-date. You would think they would be coming down, right? I mean, does that make sense to come down with all the risk going on? Analysts have revised them higher, right? 2% higher.

Frank Curzio: So, expectations are super, super, super optimistic heading into earning season. And stocks are cheap. I mean, we trade 20 times forward earnings. And 20 times forward earnings alone, if you want to do analysis… I’ll teach you something. Hopefully, I’ll teach you something of what I learned. But at 20 times earnings, it’s higher than the 10 year average of 16 times earnings. But you just can’t take that earnings rate. That 20 times total earnings alone, you have to look at rates. And when rates are low, 20 times earning is 23, 24 times earnings is not that expensive when you have rates super low. Rates aren’t super low anymore. 20 times earnings is very, very expensive.

Frank Curzio: Even though we’ve seen a lot of the market get hit, we’re still expensive with rates going to rise aggressively with the fed shrinking its balance sheet. We’re heading into earning season where analysts are more optimistic than they’ve ever been and have no idea why. And a lot of that could account for energy, which accounted for a lot of that move, because you look at the S&P as a whole and that energy component you’re seeing earnings explode, because look where energy prices work compared to last year, which maybe there were 40 bucks, 50. I don’t even know a year ago more than doubled. Crazy. So heading into earnings, it doesn’t look good. There’s a lot, a lot of risks out there guys. And that one catalyst you could point to, which was China easing, the largest exporter, just you see strong growth out there.

Frank Curzio: Now they can’t ease. Inflation’s out of control. You’re taking away… That was the biggest catalyst right now. Now it makes things scary. So, if you’re a Curzio Research Advisory subscriber, I think most of you are since that’s my flagship product and also one of our cheapest. It’s under $100 for an annual subscription. So, it’s going to have a special briefing tomorrow. So, it’s going to be available to everyone around 5:00 PM. If you’re investing equities, bonds, gold, crypto, whatever, it’s a must-listen-to because of the research I’m going to share with you. You’re not going to it out of other publishers. You’re not really going to see it in the media. It’s detailed. It covers almost every single sector. And it’s really fucking scary. I’m sorry to use that term, but I can’t describe it any better than that.

Frank Curzio: Over the past two weeks, the data that I track, the data that have seen, okay, we’ve seen a monumental shift of what’s going on, a monumental shift, which reminds me of mid-2007. When the foundation started to show cracks and nobody really paid attention… The foundation wasn’t showing cracks. We had lots of positives out there. You want a job? You can get one. Earnings are moving higher. Companies have pricing power for now. You’re seeing those margins go higher. That’s why you see earnings estimates being just a little bit higher.

Frank Curzio: However, you can’t raise prices forever. And the data I’m going to show and share with you is showing the crack in that foundation, where it’s leading to less demand in some of the key sectors. And you need to pay attention because you have to allocate your portfolio a certain way in this environment. You can’t just buy and hold long term, because some of the sectors out there could get hit by 10, 20 percent. Not every sector. There’s a lot of good stuff out there. I told you about cryptos and metaverse is seeing a massive amount of funding over the past three months more than any other sector. Hundreds of millions of dollars poured into the metaverse. And I’ve read headlines of people trying to kill it and saying it’s so early.

Frank Curzio: Listen, follow the money. Okay. That’s what you do. You don’t even have to file the analyst like Morgan Stanley, Goldman Sachs, City Group. All of them came out in the past three and a half, four months, all of them, with huge reports anywhere from 25 pages to 181 pages. I know cause I read them all. It’s the industry that we’re in, and then crypto. And they’re predicting that this is going to be 8 trillion to 13 trillion market. These are forecasts. You can take them with a grain of salt.

Frank Curzio: However, and to put that in perspective, I think the mobile phone market is expected hit, I think, in sales 1.4, 1.5 trillion in a couple of years. And you’re looking at eight trillion. The cancer market is about 250 billion I believe. I mean, you’re covering sectors that even AI is not a trillion dollar sector yet. And they’re saying that this is going to be 8 trillion to 13 trillion opportunity. Again, those are forecasts. But when you see the hundreds of millions of dollars from the Winklevoss twins, from billionaires, from Galaxy Digital, when you’re seeing so many of these metaverse projects, hundreds of millions of dollars, Andreessen Horowitz, some venture capitalists and industry funding in these places. That’s what you pay attention to because if these guys are getting in, these guys are pushing into that sector, something is going on, and something big is going on.

Frank Curzio: And it is exciting. It’s a sector we research a lot. That’s a great area to be in. Gold, commodities, we talked about, but I’m going to cover a lot of this in our briefing because you need to be positioned over the next 6 to 12 months. And not only am I going to show you how to allocate your portfolio, I’m going to show you how to make money from the sectors that I expect to get crushed. So, it’s not just you’re out of those sectors, how to make money off of them, because when you’re making money as the market crashes it’s much, much better than just being on the sidelines. Because if you’re on the sidelines, you’re in cash and you have inflation and you’re losing money that way.

Frank Curzio: So, there’s some sectors that are working. You’re not going to see… That’s why you’re saying it feels like the market’s down much more than 6%, 7%. The S&P 500 goes down 70%. A lot of growth stocks are down 30, 40 percent It feels like that. It feels like the market’s down a lot more, and I get it. But you’re going to see even some of the safe sectors start getting hit based on the data I’m going to show you. So, pay close attention. It’s an important briefing. I don’t do this often. I don’t have briefings every week or every month. And the last time I did this was mid-February 2020, telling everyone to get out of the market just before it crashed.

Frank Curzio: And you can go back to listen to that podcast. Please do so. Something I’m very proud of because that podcast, we were supposed to have a guest. I said, “You know what? There’s not one guest on here that’s going to tell you or is going to help you out more than what I’m going to tell you right now. So, there’s no guest this week.” Because I do one podcast a week on Wednesday. And I went over everything on China, why the market’s going to crash, why it’s imminent, and why you need to protect yourself.

Frank Curzio: Same here. You need to protect yourself in this market. There’s a lot of risks going on. Again, the data I’m going to share in this briefing are things that you’re not seeing in other places, and it’s enough to scare me. And I don’t get scared often when it comes to the market. I usually see these as buying opportunities. But based on what I’m seeing, where companies are losing that pricing power, so not only are you trying to ramp demand, let’s say the EV market, you’re trying to ramp up demand because you’re seeing all this demand for people who put down $100 for your EV that was supposed to come out a year ago, and it’s not coming out for two years from now. Now, you’re ramping up all that demand, but now you’re seeing… Or you’re ramping up all the supply, but you’re seeing demand come down. A lot of these people look going to start canceling their orders and say, “You know what? I can’t wait for this. I’m not going to buy.”

Frank Curzio: And you’re seeing that right now, which is going to create massive inventory concerns as some of these companies are going to get super aggressive because demand is so high and they can’t get that supply and get their goods. But now, you’re seeing demand full and those supplies are expected to get delivered. That’s a massive problem. And the middle of interest rates absolutely skyrocket. And the Fed’s just sitting there hoping, hoping, the Fed is hoping and praying that things go its way because… I mean, right now, I can see Powell under his covers going, “Holy shit, what do I do?” Because I don’t know what he’s going to do. He doesn’t know what he’s going to do. And even all the Fed governors don’t know what he’s going to do. That’s why the all came out after the quarter percent raise and said, “It’s gotta be 50 next time and then another 50.”

Frank Curzio: And based on where the tenure, based on where rates are right now, we should be over 3% of the Fed Fund’s Rate. That’s how much we need to raise. So again, everyone that’s looking at the CPI data. I hope and pray that you’re right. I just don’t think so because it’s not accounting for anything that’s going on in China because that’s just happened in lockdowns. And that’s going to show up next month, the month after, the month after that. And that’s when you’re going to have to worry because you’re going to see inflation, hey, it’s not moderating. Maybe it takes a couple more months, hopefully only a couple more months. But it’s definitely didn’t hit a time this month. There’s no way. You can’t tell me those lockdown in China are not going to impact that number over the next month or two.

Frank Curzio: Let’s see how long China keeps those lockdown in places for a strand of COVID that is barely a cold. I think Philadelphia is implementing mask wearing. You have to wear mandatory masks. You know how many people died over the past week from COVID? Two. I mean, I don’t know how many people are in that city, what? Two million, three? I don’t know. Around there, two million. Which mask mandates, not so much lockdowns, but mask mandates and two people die. I mean, I could name how many diseases over the past week that more than two people died. But that’s politics. That’s what we’re doing right now.

Frank Curzio: In China, the whole country is on lockdown. And I don’t know how long it’s going to be, but it’s definitely, definitely going to impact our markets, impact the world markets. And we haven’t seen that yet. It’s definitely going to impact inflation. Let’s see how it plays out. Okay, if you’re a subscriber, you’ll get that briefing around 5:00 PM. That’s 5:00 PM tomorrow. Should be part of the April issue for Curzio Research Advisory. Definitely give a listen. And if you’re interested in subscribing that newsletter, give me a shout. Again, it’s a newsletter we offer at a very, very cheap price. It’s like $100 for the entire year. If you’re interested, send me an email at frank@curzioresearch.com. If not, no worries.

Frank Curzio: But if you are a subscriber, please, if you own equities, which you do, if you’re probably a subscriber give it a listen because I’m going to share data that you’re not seeing any place else. And the data is really, really scary. So guys, that’s it for me. Hate to end like that because I’m an optimist, when it sounds so negative. But listen, I tell how it is. Okay. That’s why you listen to this podcast. It’s not fluff. I’m not going to be that cheerleader and, “Oh, it’s okay. The market is doing great.” I’m going to tell you exactly what I’m seeing, the data I’m seeing. I’ve been doing this for 30 years. What I have access right now to is the reason why you’re able to get in and out to markets and be able to predict a lot of great things over the past 10, 15 years is because of the data, is because of the network.

Frank Curzio: So definitely give a listen because this is data you’re not really going to see any place else. I haven’t seen it any place else. And it shows the cracks those foundation is definitely, definitely cracking. That’s it for me. Questions, comments, email frank@curzioresearch.com. That’s frank@curzioresearch.com. Enjoy the day. I’ll see you guys tomorrow. Take care.

Announcer: Wall Street Unplugged is produced by Curzio Research, one of the most respected financial media companies in the industry. The information presented on Wall Street Unplugged of its host and guests. You should not base your investment decisions solely on this broadcast. Remember, it’s your money and your responsibility.

Frank Curzio
Frank Curzio, founder and CEO of Curzio Research, is one of America’s most respected stock experts. His research is regularly featured on media outlets like CNBC’s Kudlow Report, The Call, CNN Radio, ABC News, and Fox Business News. His Wall Street Unplugged podcast—ranked the No. 1 “most listened-to” financial podcast on iTunes—has been downloaded over 12 million times.

Editor’s note:

In tomorrow’s issue of Curzio Research Advisory, Frank details his predictions for the market over the next year… which sectors are likely to do well… and how to protect your portfolio from total devastation. 

Get this must-read report as soon as it’s released by joining today.

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