Meltdown Begins: Trader Called Pullback, Warns Another 50% Crash Next | Gareth Soloway

There's been a lot of volatility ahead of one of the most hotly anticipated IPOs of recent history . Probably the most anticipated and most hyped . SpaceX is set to debut on the NASDAQ this Friday the 12th . The S&P 500 is down about 3 and a.5% since the beginning of June and Bitcoin is down about 14% during the same period . So, why are risk assets falling uh at the start of summer ? And what can we expect from Kevin Worsh, who is set to take the podium at the FOMC for the first time next week ? Monetary policy, market outlook, Bitcoin, stocks, gold . These are all themes we'll be discussing with our next guest, Gareth Soloway, chief market strategist at Verified Investing . He's here to break down what's happening with markets right now, break down volatility, and tell us what's next and how to trade . This video is sponsored by Koshi . It's a prediction market, the largest prediction market in the United States . Unlike a sports book, you're trading peer-to-peer on real world events from economic data to political outcomes . And the price moves based on public opinion, not a house . Go to the and use my link and my code lin . And new users who use this code will get $10 when you trade $10 . Right now, there's a trade going on called how high will the S&P get by month end , which is going to be a topic we'll be discussing with Gareth . So, stay tuned for his answer on where the S&P will close by year end and month end . But, uh, take a look at this trade. . Traders are placing a 32% chance that the S&P will trade above 7630 by month end . So, if you put $50 down on this particular trade, your payoff may be $149 if you're right . Link in the description down below . Gareth, welcome back to the show . Good to see you again. . Good to see you, David . Thanks for having me back . Let's start with um the biggest red bar on my screen, which is Bitcoin . I'll let you pull up a chart . I want to start with Bitcoin today first because a lot of people have been talking about Bitcoin being a leading indicator for the stock markets