Stansberry Investor Hour

On this week's Stansberry Investor Hour, Dan and Corey are joined by Chris Igou. Chris is a fellow Stansberry Research analyst and the editor of DailyWealth Trader, a daily trading advisory. But first, Dan and Corey argue that banking regulations "hand the incumbents an advantage" and restrict competition. According to Dan, consolidation in the banking industry – like JPMorgan Chase's recent takeover of First Republic Bank – can create backstop and incentive issues. Dan also shares his belief that interest rates will remain higher than expected for longer, despite the market consensus for the Federal Reserve to cut rates.   Then, Chris joins the conversation to discuss his trading style and macroeconomic outlook for the market. He shares how the Fed's rate hikes are increasing the cost of borrowing and squeezing earnings, leading to smaller profit margins. Chris also notes that the S&P 500 Index's most significant drawdown in this current bear market has been 25%. That number is relatively normal for a be