Wealthion - Be Financially Resilient

Money manager Michael Pento distrusts the current rally in stocks. He thinks it's a classic short-lived rally within a secular bear market. That, combined with the Fed interest rate hike campaign to tame inflation, which he expects to drive the economy into recession, is going to result in a 40% decline in stocks by Spring 2023. https://youtu.be/tKFDT50UVic Learn more about your ad choices. Visit megaphone.fm/adchoices

Macro analyst Jesse Felder returns for Part 2 of our interview with him in which he explains the math behind why the markets would need to decline by at least 50% to be considered anywhere close to "fairly valued" He then shares the assets he likes best for the challenging road he sees ahead over the coming year. https://youtu.be/abqDpTjyc44 Learn more about your ad choices. Visit megaphone.fm/adchoices

The market is in danger, warns macro analyst Jesse Felder. The rise of inflation and the reversal of globalization is a HUGE paradigm shift that the market doesn’t appropriately appreciate it yet. The Fed’s hands are tied while inflation remains a challenge, and it likely will be for a long time because the new principal trends in play (on-shoring, tightening labor force) are inflationary. Taming inflation is going to be a protracted, painful process – and likely won’t go back to the disinflationary trajectory we’ve been on since the 1980s. A massive repricing across asset classes is needed & a new rulebook for investing is required.  This is why the market is in such danger. The market hasn’t woken up to this paradigm shift AND valuations, despite the correction this year, are still very close to record highs. There’s a lot of room to fall here, especially as profit margins are at all-time highs. Jeremey Grantham claims they mean revert more than almost any other data set. So they are due for a whopper of a mean reversion from these elevated levels. Will the trigger be a market event? Or a social one? As history shows, too-high profits inevitably lead to wealth inequality that resolved via re-distribution (either effected by the State or an angry rebelling populace). It’s no surprise that Congress is discussing higher corp tax rates. As for how far the market could drop, Jesse can pretty easily make an argument that financial assets could fall 50% before being considered ‘fairly valued’. The 1973-74 bear market looks like a good analogue to where we are in 2022 given similarities in inflation & Fed policy. The S&P was cut in half during this period. https://youtu.be/chavLDpr6Uk Learn more about your ad choices. Visit megaphone.fm/adchoices

Every month we have our recommended financial advisors take your questions live. This month's live Q&A session was recorded a few hours ago. If you missed it, not to worry -- the full replay video is right here. Lots of great questions this month. We concluded on the big one: Is the bear market over, or will stocks & bonds reverse and start falling again? For that plus a boatload of other timely answers to your timely questions, watch the replay video of our latest Live Money Q&A. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this week's recap, Lance Roberts and Adam discuss everything that mattered to markets this week. https://youtu.be/BEBJNzh-r88 Learn more about your ad choices. Visit megaphone.fm/adchoices

Brent Johnson, portfolio manager at Santiago Capital, returns for Part 2 of our interview with him to lay out the 4 assets he favors most given the strong US dollar. Cash, gold, productive land & blue-chip US equities are the assets he would "go to war with" -- though in the near term, he recommends waiting for the current bear market to bottom out before loading up on equities. https://youtu.be/Lv9nGQpiJbE Learn more about your ad choices. Visit megaphone.fm/adchoices

2022 has seen the worst inflation in 4 decades, stubbornly persistent supply chain shortages, a contracting economy that may already be in recession & one of the worst first halves of the year for financial markets. And yet the US dollar is the strongest it has been in 20 years. That seems counterintuitive, unless you look through the lens of the Dollar Milkshake Theory. When you do, you understand an awful lot of what has been driving the action this year. To understand where the dollar is likely headed next, and what further implications that will have on the investing landscape, we welcome Brent Johnson CEO & Portfolio Manager at Santiago Capital, and developer of the Dollar Milkshake Theory, back to the program. https://youtu.be/NnsqBbymayQ Learn more about your ad choices. Visit megaphone.fm/adchoices

Hedge fund expert Thomas Thornton returns in Part 2 of our interview with him to explain why the markets could well move sideways in a limited trading range for the next few years. https://youtu.be/ZIIjPrUKWTM Learn more about your ad choices. Visit megaphone.fm/adchoices

It remains a whipsaw year for investors, as both stocks and bonds are now up materially from their late June lows. Is this the 'all clear'? Will prices rise further over the remainder of the year? Or is this a classic bear market rally? One that lulls the bulls back in before returning to maul everyone? In uncertain times like these, it's wise to tap the counsel of those with decades of long-term success in the markets. So today we'll ask these questions of Thomas Thorton, former portfolio manager, senior trader, technical analyst, and now founder of Hedgefund Telemetry. https://youtu.be/rCduxxo5rwE Learn more about your ad choices. Visit megaphone.fm/adchoices

In this week's recap, Lance and Adam discuss everything that mattered to markets this week. Learn more about your ad choices. Visit megaphone.fm/adchoices