Joel Elconin - Worst Month for US Markets Since 2022, the Growing Impact of Uncertainty, and the Flight to Gold
Joel Elconin, co-host of PreMarket Prep, joins us to break down the key drivers behind the significant market weakness and why he sees the combination of deteriorating technicals, poor corporate guidance, and political volatility as a dangerous setup heading into Q2.
Tariffs, inconsistent messaging from the US, and a sharp drop in consumer confidence are adding pressure. International sentiment toward the US is shifting, and even travel stocks are showing strain.
Joel warns that “buy the dip” may no longer work in this environment. He suggests holding more cash, focusing on capital preservation. With Q1 ending, he expects institutions to de-risk rather than dress up portfolios.
