"Nasty" Surprise In Store For Stocks As Credit Markets & Dollar Weaken? | Jesse Felder

22 snips

Feb 3, 2026

Jesse Felder, macro analyst and founder of The Felder Report, warns stocks may face a nasty surprise as the dollar weakens and foreign capital withdraws. He contrasts retail mania and leverage-driven market distortions with a bullish outlook for commodities, especially oil and gas. He highlights energy underinvestment, geopolitical supply risks, and a defensive barbell of cash plus real assets.

Ask episode

AI Snips

Chapters

Books

Transcript

Episode notes

ANECDOTE

Son's Call Illustrates Retail Mania

Jesse recounts his 26-year-old son calling about the gold crash and retail mania.
He uses the story to illustrate when retail attention signals speculative excess.

INSIGHT

Retail Leverage Often Predicts Sharp Reversals

Heavy retail and leveraged flows often signal overheated markets and foreshadow reversals.
Parabolic retail-driven spikes usually devolve into sharp corrections and deleveraging.

INSIGHT

Passive Bid Can Reverse With Labor Weakness

Passive inflows created a perceived market backstop that encouraged risk-taking.
If unemployment rises, the passive bid will weaken and remove that stabilizing effect.

Get the Snipd Podcast app to discover more snips from this episode

Get the app

Today's guest has been warning for a good while now that the current bull market is stocks is approaching its end.In no small part because corporate insiders, who know the most about their companies' prospects, are selling their shares at record percentages.It's not all gloom for investors, though. He also predicts that commodities -- and the stocks of the companies that produce them -- are set to experience a boom.For a full update on his outlook, we welcome back to the program macro analyst Jesse Felder, founder & Editor of the respected market research firm: The Felder Report.Jesse fears that US stocks could be in for a "nasty" surprise as the dollar continues to break down, foreign capital leaves US markets, and inflation & unemployment rise.Despite that, he is quite bullish on the future of commodities, especially oil & gas.

REGISTER FOR THOUGHTFUL MONEY'S SPRING ONLINE CONFERENCE AT THE EARLY BIRD DISCOUNT PRICE at https://www.thoughtfulmoney.com/conferenceFollow Jesse at https://thefelderreport.com/#marketcorrection #dollar #commodities _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It’s important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer’s unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security’s or a firm’s past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2026 Thoughtful Money LLC. All rights reserved.