In a deep dive on market dynamics, John Lodra and Mike Preston of New Harbor Financial discuss the implications of high valuation levels amid potential Fed rate cuts. John highlights stress signals in credit markets and the rarity of current conditions. Mike shares insights on the risks of liquidity concentration in mega-cap tech and evaluates portfolio strategies. They also tackle whether the recent pullback in gold is a temporary lull or a trend change, offering tactical hedging advice for uncertain times.
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volunteer_activism ADVICE
Take Chips Off The Gold Table
Sell a slice of overheated metal positions into rallies to reduce psychological risk.
Mike recommends using proceeds for real-life uses to help clients act on sales.
insights INSIGHT
Metals Experienced A Rapid Pullback
The gold and silver move became extremely overheated with sharp 18–20% pullbacks.
Mike and John view the correction as likely but not definitive of a long-term top.
volunteer_activism ADVICE
Use Options To Hedge And Generate Cash
Use option income (covered calls) to create partial hedges and generate cash.
Mike describes moving and monetizing option hedges during the metals pullback.
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In this latest monthly outlook from the advisors at New Harbor Financial, John and Mike discuss investing in a world of nosebleed valuations levels during a time when the Fed is cutting rates.This doesn't happen often.What makes more sense: Ride the current party until it ends? Or play it safe and leave it early?We also discuss whether the gold trade is over, or just taking a breather before resuming.
Thoughtful Money with Adam Taggart 