David Skarica: The Federal Debt Tsunami is Coming to Crush the Markets this Year [Video]

David Skarica: The Federal Debt Tsunami is Coming to Crush the Markets this Year

Tom welcomes back David Skarica, publisher and founder of Stockchart of the Day, about a potential threat to market stability. Skarica sees increased frothiness in the market, with Bitcoin ETFs being launched and widespread optimism about Bitcoin reaching 150k – 300k, similar to the behavior seen in 2017 and 2021. He warns that investors should be cautious about the current state of the market and consider investing in assets that can protect their wealth during market downturns.

Skarica points out that the top 10 largest stocks now account for 29% of total market cap, similar to the height of market bubbles, with stocks like NVIDIA and Apple trading based on growth rather than sales. He suggests looking at NVIDIA’s chart and other related stocks to understand the market better.

The US government has been issuing more …