Wall Street Unplugged - Your Best Source For Finance, Investing & Economics

I just returned from a business trip to Miami… and start today’s show with a rant about how consumers are getting “fee’d” to death.   Stocks are selling off as investors digest higher-for-longer interest rates and lingering inflation. And I see way more downside ahead…   I share some data on the impact of student loan payments, which have resumed after a three-year pause. I also highlight the biggest headwind for the economy (hint: it’s a rising cost that none of us can escape).   I’ve been pounding the table on how this is one of the most dangerous markets I’ve ever seen… Despite the fastest pace of rate hikes in history, some of the riskiest stocks have been surging. But this irrational bull run is coming to an end. I explain why the Fed won’t be able to pull off a soft landing… and why we should brace for more pain throughout the housing sector, community banks, and consumer spending.   Shockwaves are rippling across the political aisle as House Speaker Kevin McCarthy (R) was ousted this week. I ex