Brace for more market turbulence ahead, expert warns

Here's why the stock market turbulence may be far from over.

Transcript

00:00Do I think we've hit a bottom or should we brace for more downside? And the truth is,

00:03is that this is just the beginning. Trump has been in office. This is the springtime. So we're

00:07talking about less than literally even six months. He is going to leverage, if you read his art of

00:12the deal, he is going to leverage the strategy and the power that he thinks he has. Obviously,

00:18with America still right now being the world's reserve currency, America and America's president

00:24does have global economic power that isn't shared by anybody else. So what I think Trump is doing is

00:30leveraging his power that he has as the sitting U.S. president of the reserve currency of the world.

00:36And he's trying to work out trade deals that are more reciprocally fair, even if we would say,

00:42gosh, Europe has been taxing our champagne forever and we are not taxing our scotch that's going over

00:48there or whatever. When we see that it's not reciprocal and it's not even, Trump is actually

00:53the one bringing that and highlighting that to the world. But you can look beyond just, you know,

00:58tariff policy. You can look at the U.N. and see that the majority of support, the U.N. comes from

01:01the United States of America. You can look at NATO and see that the majority of the military might

01:05and financial support comes from the United States of America. So I think Trump's point is that in all

01:10of these global bodies, the United States is the key primary financial support. And that doesn't seem

01:17fair to the U.S. and American citizens. We need to broaden that out. So I believe that because he is

01:22specifically using tariff policy to implement not only economic change, but geopolitical change,

01:28that this has just begun. We are going to be in for a year of volatility. I do expect the market

01:34to pull back down further to the downside. I don't believe this is the end. And that's because there's

01:38a lot of problems that we have globally in the macroeconomic environment since we printed over 20

01:46trillion, the equivalent of 20 trillion U.S. dollars globally since coronavirus in 2021 through 2023.

01:52That currency has to be absorbed while it doesn't hyperinflate the domestic currency of that country

01:58and doesn't cause more problems. So because of all of the machinations globally since 2020,

02:03this is a reckoning. And I do think the markets pull down further. So there's going to be buying

02:08opportunities, but just don't sell out in fear.