Ep. 471: Richard Suttmeier: The ugly truth about 2017

Welcome back to another episode of Wall Street Unplugged! Stocks have gone on to hit new all-time highs... but my guest, Richard Suttmeier, and I are a bit nervous. If you don't know Richard, he is often seen on Forbes and TheStreet.com. He is the Founder & CEO of Global Market Consultants. To start off the interview, Richard warns any investors chasing the recent Trump rally. Although certain sectors remain "tradable" - Richard explains why most are not long-term investments. Tune in and discover the ugly truth about this upcoming year. And why investors should take their profits now... before it's too late. Richard then takes us a step further. He breaks down what he calls the "balance sheet of the US economy." His latest victim? US banks. Aside from the too big to fail problems, Richard shares with us the various risks banks are still exposed to. Then, on my Educational Segment [40:01], I'll be teaching listeners my most important lesson about the markets - Investor Sentiment. Considering today's economic environment, I couldn't have timed this any better. I'm afraid of a massive stock market correction. Here's how to stay one step ahead.