Fed Chair Powell was trying to make sure the stock market didn't get disappointed: Komal Sri-Kumar

Komal Sri-Kumar, Sri-Kumar Global Strategies president, and Darrell Cronk, CIO of Wells Fargo’s wealth and investment management, join 'Squawk Box' to discuss the Fed's interest rate decision, what was behind Fed Chair Powell's decision to cut by 50 basis points, and more.

[@purplebliss6875]

Hit 310k last week, lost over 14k today, Nvidia won't make a good run too the upside till mid October...I'm still looking for companies to make additions to my $500K portfolio, to boost performance. Here for ideas...

[@dogmom-pt5we]

If you need advice on short-term investments, consider speaking with a financial advisor. They have a lot more knowledge and expertise in this area.

[@Andreallln]

@@dogmom-pt5we th investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested thI agree with you. I started out wie money using an analyst, and in seven months, I raked in almost $673,000

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@@Andreallln I just curiously searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you

[@merlinfitz]

So what's the most effective strategy during this period of volatility with the rate cut? Most of my portfolio is in (20% Index funds, 20% CD's 30% Bonds/T-bills and other assets) I want to explore different strategies to benefit from a potential bubble.

[@ConradGosling]

This is the exact thought process of persons handling their portfolio themselves. I will advice you engage guidance to help you make smarter portfolio decisions.

[@sledgeyyyyy]

I've been through the 'bonds are beating stocks' periods since the 90s with no bonds and with all aggressive stock mutual funds. At 66, my IRA and cash accounts are far more than I expected for my retirement. I can easily handle a worst-case 80% stock crash, Thanks to my CFA.

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Mind if I look up your advisr please? I've worked in real estate for over 15 years and have neglected a major stock portfolio. This served me well when I was flipping and renting houses, however I need a different plan now.

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Thanks for the lead. I just searched Monica by her full name and easily spotted her page, very professional..

[@sunnyp219]

This guy is always wrong. 6 months ago he said “In next 3 months I see something catastrophic breaking the market.” Whatever happened ? Before coming on this show, all guests should be required to watch their last appearance.

[@Patrick-yh5yd]

Al Gore is Loved!

[@cyrusg5976]

He’s just early…. Storms are brewing. Open your eyes.

[@andybuchanan4999]

My thoughts exactly. He just kind of bounces around, no cohesive thoughts. Terrible guest.

[@sunnyp219]

@@cyrusg5976 Could be. But just remember. Bears sound smart. Bulls make money.

[@parkerpkthn]

LOL! Everybody and their mother was calling for a recession 6 months ago. So Komal is only different in that he has not changed his mind.

[@andybuchanan4999]

Sri is all over the map. His comments are never internally consistent - just kind of rambles. Remember when he was saying "something is about to break". Not a good guest in my opinion.

[@moosejoose4]

he's taken over Greg Branch's role

[@illegalsmirf]

Thank you, come again!

[@Mreyna310]

Rude af but this gave me a much needed laugh first thing in the morning

[@andrewjones3251]

House prices all time high, stock market at all time high. Stock market cap to gdp 199.7. 50 basis point cut! This is the greatest financial bubble ever. The Fed keeps pumping the drugs to the financial system.

[@michaellawrence3513]

Prices of everything are always at all time highs. Dollars get less and less valuable over time by design. That's how fiat works. You have to correct for inflation or use other metrics

[@harrychu650]

The entire economy is larger according to GDP so you need to look at percentages rather than nominal numbers. For instance, much is made by the doomers that there is record high credit card debt, but it remains at the same historical percentage of 5%.

[@weho_brian]

i think you said the same thing ten years ago

[@LumenMichaelOne]

😐 ... 😑 ... 😴

[@MrWashraf]

Yes, a bubble is getting bigger, it is because of politics actually election politics. Rate cut would boost inflation so what have been done to subdue it would wipeout.

[@Patrick-yh5yd]

Cronk from Wells fargo is in another world. A reason we should not be in space.

[@illegalsmirf]

there is no chance of us encountering intelligent life in the universe, they will not let us anywhere near them

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He mostly interacts on Telegrams, using the user-name

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HarrysDent🙌🙌

[@hatranthi3454]

His program of expertise is all over the internet Harry s Dent.

[@RichardFerreira-e8d]

The market's top signal provider. Highly knowledgeable and level-headed

[@Cecilia-k4z]

Spot-on, I would always rate his signals as one of the best ever used 100% accurate.

[@louisalfieri3187]

Sri-Kumar is right here. 💯 2:38

[@DanielFox-c7u]

What is the best way to make profit from the stocks market?

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As a beginner, it's essential for you to have a mentor to keep you accountable. I'm guided by a widely known stocks market professional.

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[@rickhayes-oh2zm]

because they can't pay the interest on the debt which all you geniuses never talk about

[@kashyappatel1988]

Exactly and they can’t be just keep waiting for things to fail to do something

[@Anthony-dj4nd]

We're headed to the promise land!!!!!🤑

[@MeditationMindless]

Thank you come again!

[@filipxavier1041]

In my opinion moves in market have to be precise at times like this, the US economy is already putting pressure on everyone’s pockets so moves have to be thought with precision. Move wisely

[@albertbrian6448]

You know I totally agree with you and besides, the US dollar is actually losing its value and it’s purchasing power as time goes on so your savings aren’t a valid way of ensuring your wealth in the nearest future.

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Honestly, I realized after five years that attempting to predict market outcomes through chart analysis was futile due to the unpredictable nature. My lack of a mentor led to six years of struggle. I transitioned to following the market's direction and adopting a straightforward, disciplined approach.

[@christinajurado9180]

I will like to ask, How did you achieve it? I been trying to stick with index funds. I feel this new interest rates hikes could crash this economy. I'm looking out for a better investing strategy, I have a lump sum that inflation is steady eating up.

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[@christinajurado9180]

thanks for putting this out, it has truly rekindled the fire to my goal...

[@cowpokecale9456]

I’m so glad Komal isn’t in charge…

[@joshuaburns3167]

The Indian man is spot on

[@kashyappatel1988]

Nope he is not. He is reacting to the data while J Powell is predicting. Fed did the mistake of not raising interest rates sooner which is why we are here in the first place.

[@joshuaburns3167]

@@kashyappatel1988 The markets are what the Fed worries about

[@chrisginoc]

He’s been way off the last 12-24 months. Look at his other videos predicting a black swan credit event early 2024 causing a recession.

[@joshuaburns3167]

@@chrisginoc Well his timing sucks lol

[@CameronFussner]

Coming out of facing alot, I knew two things about the stock market: It caused the Great Depression, and the fastest way to make a million on the markets was to start with two million. And then the Great Recession happened only a few years later. So yeah, I wish someone had better explained it to me earlier in life. Having a good entry and exit strategy will make you succeed in the stock market.

[@LucasBenjamin-hv7sk]

There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.

[@hasede-lg9hj]

Exactly, most of the investors pays more attention to the profit aspect forgetting that the market involves ups and down. securing your financial position requires lots of patience and proper education on the market so as to know the right profitable stock to buy and invest in. I made over $260k in profits, from just the Q4 of 2022. Investing in the stock market is most profitable when you understand how the market actually works.

[@lowcostfresh2266]

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[@AlfonsoDiSaliz]

Let The Guests TALK...

[@KK-pm7ud]

Shock and surprise are powerful tools in the Fed toolkit

[@anujanshankaran8577]

The main reason is that he could have taken off 25 bp in July. No debate on that. Obviously the market statistics on inflation kick in. Also Powell has made it pretty clear what kind of person he is. Only a blind person would not recognize it. He only does what he feels is right for the dual mandate. If next time 25 basis points is required he will give that and only that.

[@jamesbuie5017]

You guys really don't know why they cut rates? Come on.

[@LumenMichaelOne]

Oooh Shuuuuurrrr I do.

[@TheMinor7th]

When jobs fall off they don’t fall off slowly, the fall off a freaking cliff and cascade straight into recession. Bringing the fed funds rate closer to the real funds rate makes sense here because it’s still restrictive in that sense. If you wait too long, one cut doesn’t help in time. Powell nailed it with this cut

[@Patrick-yh5yd]

Wrong.

[@TheMinor7th]

@@Patrick-yh5yd ok Bot yh5yd 🤖😂

[@TheMinor7th]

Joe is the old grandpa who wakes up grumpy

[@brucev.8219]

, , , , , , , and is the smartest guy on the program.

[@BORNGEARHEAD]

But he is the most wisest and RIGHT.

[@TheMinor7th]

@@BORNGEARHEAD damn you kids!!! Get the hell off of my interest rates!!!! 👴🏼

[@Mostly_bad]

Suri is all over the place. From emergency cuts needed to no cuts needed to Powell managing the stock market. BS. It’s clear the balance of risk changed. Pretty obvious.

[@TheKennynhut]

yes, I don't know if the data are correct, but they can make stock go up or down. It is time to sell and wait for November.

[@briandetommaso1793]

It’s got nothing to do with confidence once you know you’re late to the party you cut big

[@lovingleo11]

Sri is just jelly of Chair powell! Period.

[@MuckyMucky-z3c]

Not sure why so many ignore the bankruptcies and hirings data. These stats are unambiguous grinding recession since early 2023.

[@Elizabeth_20186]

Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in last month 2024

[@Camila-q4y]

Wow that's huge, how do you make that much monthly?

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I'm 37 and have been looking for ways to be successful, please how??

[@Elizabeth_20186]

Isia Gomez expertise is truly commendable She has this skill of making complex crypto concepts easy to understand.

[@Connie840]

Isia Gomez strategy has normalized winning trades for me also. And it’s a huge milestone for me looking back to how it all started

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Please how can I reach this expert Isia Gomez everyone is talking about?

[@moosejoose4]

yawn, komal STILL living in a 2022 world

[@daousss]

imagine hiring someone that hides things from you. taxes payers should know everything that guy knows

[@albertoperin402]

Is all political

[@DavidJSmithCT]

He doesn’t know. Stop assuming .

[@mikeglaspey4562]

Anyone taking a wells fargo executive's word with all their baggage is smoking some of serious weed.

[@LumenMichaelOne]

How do you get some that?

[@samalan8214]

Everyone is playing their favorite parlor game on politics. No mention of whether we were at a restrictive rate or not when the Fed rate is at 5.38% while the 10-yr bond was at 3.7%, and the 2-yr that usually leads the Fed rate was at 3.9%, and we have been very restrictive in our monetary policy that doesn't seem warranted when the PCE is now near 2.3%. Politicizing the economy and markets is a sure fire way to lose money, while entertaining the viewers for clicks and eyeballs.

[@TylerBecker-d2n]

They already pushing to get 50 more hahah

[@MrWashraf]

A bubble is getting bigger, it is because of politics, actually election politics. Rate cut of .5% would boost inflation that makes all raising interest rates exercise would get wiped out.

[@aroundandround]

2:49 Powell’s justification was that they had already considered beginning cutting in July and in retrospect should have done so, justifying a half percent cut in September.

[@CathyOrem]

❤❤❤

[@rishigupta1738]

Fire Joe already. He is the worst anchor on cnbc

[@DarshanaHashendra]

No respect😅

[@sunnyp219]

@@rishigupta1738 he has trouble speaking but i like the bold stands he takes like grilling Elizabeth Warren, siding with Bitcoin lol The others hosts are spineless.

[@Nyhiak]

Poor Joe, so unhappy economy didn’t go into a recession. Guy needs to retire.

[@ryebread921]

surprise surprise the big bank guy thinks the Fed (owned by the big banks) is on the up and up lol

[@venkatr5215]

komal is mad becoz he is short

[@AliAbdalla-t9q]

From $37K to $65K that's the minimum range of profit return every month I think it's not a bad one for me, now I have enough to pay bills and take care of my family.❤

[@DanteyWilliams-x9l]

How please

[@DanteyWilliams-x9l]

I've been investing in Bitcoin by myself. I'm not really happy with what's going on, just few weeks ago I lost about $7,000 in a particular trade. Can you help me out or at least advise me on what to do?

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I will advise you stop trading on your own if you keep losing. And i don't trade on my own anymore, I always required help and assistance

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😱Sounds familiar, I have heard her names on several occasions.. And both her success stories on wall street journey!

[@sflxn]

The Indian guy is taking the rate cut too personally. He seems offended by the cuts.

[@jovictor3007]

😂 yeah he was advocating no cuts at all in previous videos.

[@kashyappatel1988]

Yep some folks have their own biases. Today is not the time to react to the data , it’s time to predict what’s good for economy and how can we engineered soft landing rather than keep reacting to inflation/ job print

[@RiSeNgod]

indian tim cook

[@Emmeline.E4]

My life changed too when I started doing this and putting money in stocks. The first few years it as really great, but this year I haven't felt like my portfolio is doing well. I have lost more than $40,000 from my portfolio the past four months, and it's now very worrisome.

[@Mei美-g9r]

The year has been really rough for everybody. But I've been able to cushion the effect though. Have you thought of using an investment advisor? They can make you good money especially during uncertain times like this.

[@Anneliese47]

Yes, I agree. I use a financial advisor too. Same person since 2020. I don't worry about whether the economy is going up or down or sideways. I always ride through.

[@Charlotte.t1x]

Oh, really? I have never thought of that as an option. Can I ask who it is you've been working with? I bet I could use some help myself.

[@Anneliese47]

NICOLE ANASTASIA PLUMLEE' is her name. She is regarded as a genius in her area and works for Empower Financial Services,... She’s quite known in her field, look-her up.

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[@jonesselas6388]

This year I have experienced more gains than losses in the crypto/stock market, thanks to some knowledge I acquired from my financial advisor and I have managed to flip the market..

[@harrisonapril8396]

I have seen something like this on countless videos and i find it misleading. I do not trust most advisors as the last time I did, it didn't end well

[@jonesselas6388]

I totally understand, i have seen this too, but before working with anyone you need to do your research, possibly meet them in person, my financial adviser is Gabriel Alberto William , he is not just a broker, he is a financial adviser that gives advice on any financial matters not just on stocks or crypto.

[@harrisonapril8396]

Okay, how do I get in touch with him?

[@jonesselas6388]

look his name up online, please do your research, he is very good at what he does and has been in various financial market interviews

[@danielquinn2]

This year I have experienced more gains than losses in the crypto/stock market, thanks to some knowledge I acquired from my financial advisor, I have managed to flip the market

[@jenniferwatleyj]

I have seen something like this on countless videos and i find it misleading.. I do not trust most advisors as the last time I did, it didn't end well

[@danielquinn2]

I totally understand, i have seen this too, but before working with anyone you need to do your research, possibly meet them in person, my financial adviser is Gabriel Alberto William , he is not just a broker, he is a financial adviser that gives advice on any financial matters not just on stocks or crypto.

[@jenniferwatleyj]

Okay, how do I get in touch with him?

[@danielquinn2]

look his name up online, please do your research, he is very good at what he does and has been in various financial market interviews.

[@ElisabetErisnawati]

!!!I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks or Crypto will be appreciated

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[@syedshah7510]

This old man needs to retire. Every call has been wrong. Amazing statistics