Wealthion - Be Financially Resilient The Bond Market Is Flashing Danger — And AI Is A Bubble | Jesse Felder
10 snips
May 7, 2026 
Jesse Felder, founder of The Felder Report and macro market analyst, warns that bond yields and rising commodities may signal big risks for financial markets. He discusses why the 10-year yield matters, how gold and real assets could outperform, and argues today's AI boom shows bubble-like signs similar to the dot-com era.
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Why The 10-Year Treasury Is Central
- The 10-year Treasury yield is the "most important chart in the world" because it prices risk across asset classes and signals inflation expectations.
- Jesse Felder links gold and commodity moves as leading indicators that historically foreshadow rising Treasury yields within ~6 months.
Secular Forces Driving A New Inflation Era
- Felder argues the 2020s are a new secular inflationary era driven by demographics, deglobalization, divestment from commodities, and underinvestment in production.
- These structural forces create shortages (energy, mining) that sustain inflation beyond temporary oil shocks.
Shift Portfolios Toward Real Assets
- Increase exposure to real assets like commodities, energy stocks, TIPS, and precious metals to hedge secular inflation and underpriced resource scarcity.
- Jesse notes energy and gold outperformed the S&P and tech over five years despite tiny portfolio allocations (~3% energy).
