The Great Rotation Has Started: Mag7 to Hard Assets | Larry McDonald
- Regime Shift: The guest highlights a multiyear rotation from U.S. growth/MAG7 into global value and non-U.S. equities, citing sustained outperformance trends.
- Hard Assets: Capital is moving into hard assets amid currency debasement and higher-for-longer rates, with gold, silver, platinum, and copper leading.
- Gold & Silver Miners: Bullish long term but tactically extended; expect high beta volatility and prefer buying pullbacks toward key moving averages due to “tourist” hot money.
- Natural Gas: Strong bullish view on natural gas equities and infrastructure, driven by surging power demand from data centers and potential multi-bagger upside.
- Private Credit Risk: Warns of emerging stress in private credit, especially tied to data center financing, posing risks to banks and financials.
- Financials Outlook: Advises avoiding financials given rich book multiples and questionable AI capex returns at major banks.
- Inflation Path: Expects higher inflation to normalize around 3-4% amid fiscal stimulus and $1.3T data center capex, limiting scope for further Fed cuts.
- Housing & Policy: Notes housing affordability stress and potential Fannie/Freddie support; policy moves and power auctions may pressure mega-cap tech via energy costs.
Former Fed Insider DiMartino Booth: 'Powell Needs to Stop Lying to the American People'
- Market Outlook: The guest argues markets are overreacting to the Fed’s liquidity operations, incorrectly interpreting them as a return to full-blown QE.
- Quantitative Easing: She stresses genuine QE requires the policy rate at the zero bound and warns past balance-sheet expansions created distortions and inequality.
- US Treasuries: Discussion centers on Fed purchases of short-dated Treasuries to maintain market plumbing and longer-term risks to the risk-free status if the balance sheet balloons again.
- Economic Risks: Rising bankruptcies, a squeezed middle class, and high unemployment among recent college graduates highlight mounting structural pressures.
- AI: AI is seen as a disruptive force eliminating entry-level roles and demanding extreme specialization across professions, with long-run labor market implications.
- Policy and Independence: She calls for the FOMC to assert independence, potentially electing its own chair, and advocates narrowing the Fed’s mandate to price stability.
- Opportunities and Speculation: Liquidity injections may push stocks higher short term, but the guest cautions this exacerbates inequality and is not a sustainable policy path.
- Stock Picks: No specific tickers were substantively pitched by the guest; the focus stayed on macro policy and systemic risks.
Chris Whalen: How To Really Reform The Fed
- Federal Reserve & Policy: Extensive discussion on Fed independence, decentralization, and refocusing the mandate toward the soundness of the dollar rather than economic micromanagement.
- Precious Metals: Bullish stance on gold and silver driven by central bank purchases, asymmetric risk-reward, and investor under-allocation, with the guest personally increasing exposure.
- Commercial Real Estate: Ongoing stress in office markets with deep markdowns in major cities, likely repurposing needs, and potential municipal revenue impacts via tax abatements.
- Banks & Credit: Money-center banks’ reported numbers look solid due to accounting changes and forbearance, but underlying CRE exposures and private credit dynamics remain important risks.
- Housing & Rates: Conforming loan limit increases risk fueling further home price inflation; near-term cuts in short rates could re-accelerate housing and set up a later correction.
- Macro Risks: BOJ rate normalization underscores rising global funding costs and latent sovereign debt concerns across major economies.
- Market Outlook: Overall markets appear stable, but the probability of surprise shocks from lesser-known names and background stresses is rising into the new year.
Interest Rates Are EXPLODING Higher!! (What You Need To Know)
- Precious Metals: Bullish stance on gold and silver, with gold viewed as a hedge against rising counterparty risk and silver expected to outperform in percentage terms.
- Gold Drivers: Emphasis that gold’s move is tied more to geopolitical and counterparty risk than to inflation or dollar moves, reinforcing its long-term purchasing power role.
- Silver Momentum: Silver is riding gold’s coattails, showing stronger upside; the speaker initiated a position weeks ago and is holding as the trend strengthens.
- Yield Curve Steepener: Advocates a steepener trade (long 2-year futures, short 10-year futures) to benefit in both bear and bull steepening scenarios, citing historical rate volatility.
- US Equities: Expects the S&P 500 and Nasdaq dip to be short-lived with potential new highs within a week; would fade the sell-off in the near term.
- Rates and Macro: Views the spike in long-end yields as driven by mechanical positioning and shifting growth/inflation expectations rather than debt/deficit fears.
- Dollar and JGBs: Sees “sell America” and DXY weakness as likely transitory, with Japan’s bond moves better explained by nominal GDP shifts than by debt narratives.
- No Single-Stock Pitch: No specific tickers were promoted; focus centered on metals, macro rate positioning, and short-term equity rebound.
Economic Indicators Flash Red: Is Market Chaos Next? | Dana Peterson
- Market Outlook: Broad uncertainty dominates CEO sentiment, with caution around geopolitics, regulation, and policy shaping a wait-and-see stance.
- Federal Reserve: Expectation of 0-2 rate cuts depending on inflation and labor data, while structurally higher Treasury yields raise corporate funding costs.
- Consumer Behavior: Spending remains resilient due to employment, but is shifting to necessities and lower-cost options amid persistent price pressures.
- AI Theme: CEOs view AI as a disruptive but essential tool, prioritizing adoption across supply chains, marketing, and productivity despite challenges measuring ROI.
- Corporate Investment: Firms are maintaining prior plans but hesitant to expand capex; focus is on technology enablement and workforce upskilling rather than aggressive hiring.
- Labor Market: Tight labor conditions persist with ongoing wage growth; shortages in skilled roles drive training and internal capability building.
- Geopolitics/Tariffs: Tariff policy and regional risks (Asia, Middle East, Europe, Latin America) threaten supply chains and sentiment, adding to planning uncertainty.
It's Not Time To Sell…Yet | Milton Berg
- Main Strategy: Guest pitches a binary, rules-based model for individual investors to stay long US equities (S&P 500) until a 7-8% drawdown triggers an exit.
- : When out of equities, the model allocates 100% to Treasury Bills, emphasizing capital preservation and simplicity over a 60/40 mix.
- Institutional Stance: For trading-oriented clients, a VXN-derived signal on Dec 11 indicated a short S&P 500 positioning with strict stop parameters.
- 2026 Outlook: Described as “unusual,” with higher volatility, more frequent corrections, and potential for sharp swings, though not necessarily a full bear market.
- Model Edge: Signals focus on rare breadth/volume extremes at major lows, with a backtested track record since 1957 significantly outperforming buy-and-hold.
- Implementation: Retail investors are advised to use broad S&P 500 exposure (preferably low-cost ETFs) and avoid sector bets or leverage.
- Sector/Asset Views: Caution on precious metals (late-cycle, reversal risk) and acknowledgment of Bitcoin’s bear trend, while equity positioning remains data-driven.
- Risk Management: Clear rules—100% in or out—reduce decision fatigue; alerts are infrequent (roughly one trade every 1.25 years) but decisive.
U.S. Debt Wall, War Risk & The Market Reckoning: Steven Feldman’s 2026 Outlook
Description: Read Steven Feldman’s full 2026 Outlook for a deeper look at the risks and realities that will shape investing, macro, markets, and … Transcript: We’ve been living in a world of lots of narratives and those narratives are treasuries are risk-f free and the Fed will come to uh the rescue of the markets […]
Brett Rentmeester: 2026 Is a Make-or-Break Year for Markets—The AI Arms Race & Fourth Turning Moment
Description: When systems are stressed, portfolios get tested. Get a free review from Brett Rentmeester and the Windrock team here: … Transcript: We’re at a crisis kind of moment where old systems are failing, met with record debt and in kind of the realities that we can’t just keep spending money and printing money out […]
Welcome to the Crack Up Boom?
Description: Join the discussion at Peak Prosperity: https://peak.fan/yc3uk9wh Contact Peak Financial Investing at https://peak.fan/mrydhd3v … Transcript: Nothing in this program should be considered investment advice. It is for educational purposes only. Please hit pause and read this disclaimer in full. The data doesn’t look good under the surface, but yet you look at the markets, […]
Fiscal & Monetary Madness To Blow Up Bonds, Stocks & Housing In 2026? | Michael Pento
Description: WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money’s endorsed financial … Transcript: If we don’t have a recession, if we don’t have a credit crisis, we are going to have a blow up in the bond market just because we have so much fiscal and monetary madness going to happen […]
The 60/40 Portfolio Is Dead Because Bonds No Longer Work | Louis Gave
Description: WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money’s endorsed financial … Transcript: In the old days, you know, the the ultimate portfolio was 60 equity, 40 bonds, you know, you rebalanced every quarter and you go to the beach and that delivered tremendous returns. That portfolio died with COVID. That […]
Will 2026 Be The Year The Stock Bubble Bursts? | Kevin Muir
Description: WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money’s endorsed financial … Transcript: Is it an AI bubble? 100%. And like anybody that tells you that when the world’s largest stock trades at 33 times sales, not earnings, sales. Okay, this is the world’s largest stock and it’s basically just an […]
5 Reasons 2026 Will Be A Wild Ride, Likely Catching Investors By Surprise | Michael Lebowitz
Description: WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money’s endorsed financial … Transcript: I get the feeling that we’re going to start the year in a lower volatility environment primarily because of QE, but as events hit the market that the potential for spikes in volatility could be significant. You know, […]
'Highly Likely' We'll See A True Bear Market In 2026 | New Harbor Financial
Description: WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money’s endorsed financial … Transcript: I don’t know. I think there’s a a very good chance we get um you know very very very significant turmoil next year. Would not at all be surprised to see markets down or or barely up. Um […]
The Fed Is Making A Big Mistake – Get Ready For More Inflation | Jim Bianco
Description: WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money’s endorsed financial … Transcript: And the mistake is the Fed is cutting rates. They’ve cut 75 basis points in 2025 to add in to the 100 basis points that they cut in 2024. And they keep citing the labor market. Are they […]
Will 2026 Be The Year Dangerously Overvalued Stocks Revert To The Mean? | Lance Roberts
Description: WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money’s endorsed financial … Transcript: When you look at returns over the last 15 years, we’re running returns 50% above the average return of the market since 1900. So over 125 years, in the last 15, we’ve run average returns, you know, 50% […]
This Fourth Turning's Market Crash Risks Are 'Exceptional' | Neil Howe
Description: WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money’s endorsed financial … Transcript: What’s interesting is you have all these possible triggers of bad news, but it’s the high valuation which I find incredible. This is this is a rare combination, right? As I said, uh by the time we were […]
The Next Black Swan? | Carson Block
Description: WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money’s endorsed financial … Transcript: There is one potential black swan out there that I see that I don’t think it’s a near-term risk. It’s probably not a medium-term risk. I do think that among insurers there are a lot of problems. I […]
These Are the Stocks to Buy In 2026 | TCAF 225
Description: On episode 225 of The Compound and Friends, Michael Batnick … Transcript: You were so early to the commodity rally, >> dude. I said gold 5,000. People thought I wasing crazy. >> No, but even like last summer, commodities had been rallying, but not like this and they just they just exploded uh starting […]
How Prem Watsa Built the "Berkshire Hathaway Of Canada" | The Fairfax Way w/ Kyle Grieve (TIP783)
Description: Kyle Grieve breaks down how Prem Watsa and Fairfax Financial compounded for decades through disciplined value investing, … Transcript: So, why has Fairfax been so successful despite having no obvious competitive advantages? Watson wrote, “The actual business of insurance is not that differentiated. What differentiates us is culture.” And when you break down culture, […]
