Wealthion - Be Financially Resilient

The technical chart data looks really bullish here, observes financial advisor Lance Roberts.

https://youtu.be/nyPKHOGtqCs

Learn more about your ad choices. Visit megaphone.fm/adchoices

European fund manager Diego Parrilla returns for Part 2 of our interview with him in which he explains why inflation, rising interest rates, arriving recession, energy crises and other macro headwinds are going to make the investing climate much more volatile and hostile from here.

https://youtu.be/L565v8MZ_vg

Learn more about your ad choices. Visit megaphone.fm/adchoices

Inflation and slowing economic growth is affecting all corners of the globe these days, but perhaps nowhere as much as Europe -- which is also dealing with a massive energy crisis.

We spend a lot of time focusing on the US economy on this program, 1) because the majority of this channel's viewers reside in the US and 2) it has the world's largest economy and, for better or worse, what happens in America drives much of the action the rest of the world reacts to.

But today we're going to get a European perspective, both on the action in the US as well as the major challenges Europe is grappling with. 

For that, we welcome Diego Parrilla, Managing Director of Quadriga Asset Manager back to the program.

https://youtu.be/rZVfE8cqmf4

Learn more about your ad choices. Visit megaphone.fm/adchoices

Stephanie Pomboy reacts to today's latest data on retail sales, Fed rate hike outlook, jobs, credit conditions & inflation.

In her words, it's difficult to see anything other than stagflation reigning for the rest of the year.

Let us know in the Comments section below if you like this kind of real-time reaction from Stephanie to the news of the day. If you do, we'll do these shorter sessions with her more often.

And don't forget to register for Wealthion's upcoming online conference on Sep 24 at https://wealthion.com/conference

https://youtu.be/K8595VukeNk

Learn more about your ad choices. Visit megaphone.fm/adchoices

Next month, join Lacy Hunt, Lyn Alden, Matt Taibbi, Grant Williams, Stephanie Pomboy, Brent Johnson, Nick Gerli, Doomberg, Rick Rule, Mike Maloney, Jeff Clark, Lance Roberts and the team from New Harbor Financial at Wealthion's online Fall Conference.

https://youtu.be/dsVGZvNvfRw

Learn more about your ad choices. Visit megaphone.fm/adchoices

The markets have now punched above an important resistance level & the bulls are suddenly talking about stocks zooming back to record highs.

https://youtu.be/M-BqfTxIp4k

Learn more about your ad choices. Visit megaphone.fm/adchoices

Money manager Michael Pento returns for Part 2 of this interview to share how he is currently positioning his firm's portfolio for the 40% market correction he sees coming ahead.  

Cash, US dollar, long-dated US Treasury bonds & shorts are what Michael calls "The 4 Horsemen" -- the key assets you want to hold during a market crash. He's also has positions in gold and utilities at this moment, too.

https://youtu.be/M2IRqmHcMBg

Learn more about your ad choices. Visit megaphone.fm/adchoices

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