Bölümler
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On this week's Stansberry Investor Hour, Dan and Corey welcome Pete Carmasino back to
the show. Pete is chief market strategist at our corporate affiliate Chaikin Analytics. He's also
editor of the Chaikin PowerTactics and Chaikin PowerTrader newsletters. With more than 25
years of experience in the financial-services industry, Pete joins the podcast to share some
of his wisdom on sector rotations, pullbacks, and the housing market.
Pete kicks off the show by talking about the Federal Reserve cutting interest rates,
unemployment ticking higher, and the difficulty bond managers are having with timing the
market. He also shares his thoughts on the Sahm Rule indicator, which says we're currently
in a recession. Pete believes that Fed Chair Jerome Powell will only do a 25-basis-point rate
cut, but that ultimately Japan will be the deciding factor in Powell's decision. This leads to a
conversation about sector rotation and which sectors are outperforming today. (0:43)
Next, Pete gives pointers on how to find investing opportunities within market rotations and
pullbacks. He explains that a lot of the sectors that are thriving today serve as bond proxies,
and a lot of the individual stocks that investors are flocking to are safe havens that pay high
dividends. After, Pete talks about the trend in oil and gas prices over the past two years and
how it has been influenced by the White House's efforts to refill the Strategic Petroleum
Reserve. (18:46)
Finally, Pete shares why he believes the housing market is on its way to reaching an
"equilibrium" between buyers and sellers. He says housing prices can stay high (benefiting
sellers) while interest-rate cuts will lower mortgages (benefiting buyers). Pete also cites
increases to the lifetime gift/estate tax exemption as a reason for the influx of competitive
all-cash housing transactions. (34:31) -
On this week's Stansberry Investor Hour, Dan and Corey welcome Aaron Edelheit back to the
show. Aaron is the founder and CEO of private investment firm Mindset Capital. He joins the
podcast to talk about his investing philosophy... the importance of relieving mental stress...
and all things cannabis – from its "great replacement" of alcohol to its legalization in more
and more states.
Aaron begins with a story about how he received advice from the legendary Charlie Munger
on the "price of admission" of being an investor. He explains that this advice made him
reflect on his own strengths and realize that he wanted to exclusively do long-term investing
rather than trading. This leads to a conversation about investor psychology and mental
strain. Aaron shares a few tips for relieving the anxiety surrounding investing, from turning
off your phone and computer one day a week to doing hot yoga. (1:37)
Next, Aaron talks a bit about his investing background, his career path, and how he finds
opportunities where others aren't looking. Today, he believes the big opportunity is in
cannabis stocks. He explains that certain names in this industry are breaking out despite the
lack of federal reform. Aaron also drops a non-cannabis name that he's interested in and
gives an alternative perspective on value stocks. (22:44)
Finally, Aaron compares today's investing landscape with that of the 1990s. He shares that
there's much more financing of private companies today, which stops them from going
public for longer (if at all). After, Aaron makes his case for cannabis stocks. He believes that
they will eventually steal market share from drug companies and alcohol producers once
more people realize the benefits and switch over. (40:54) -
Eksik bölüm mü var?
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On this week's Stansberry Investor Hour, Dan and Corey welcome Brody Mullins to the show. Brody is a Pulitzer Prize-winning investigative reporter and author of the new book The Wolves of K Street. He joins the podcast to share insights from his two-plus decades spent investigating the Washington political scene.
Brody kicks off the show by discussing his history reporting on antitrust regulation. He notes that recently, both major political parties in D.C. have become less friendly to Big Tech companies and are using antitrust regulation to slow their growth. After, Brody talks a bit about how he got started in journalism, the importance of holding those in power accountable, and why he has dedicated his life to investigating companies. (1:27)
Next, Brody shares some details about his book. He points out that for most of this country's history, companies had very little influence in Washington. Things only changed in the 1970s once the economy cratered and stagflation hit. Then, companies began to lobby in order to twist regulations and gain an advantage in the market. Brody also explains lobbying in simple terms, including how lobbyists raise money for members of Congress. He argues that legal loopholes and undisclosed funds to influence constituents have made companies nearly untouchable. (15:10)
Finally, Brody discusses why there's still hope for the American people to fight back. He explains that negative public perception about these big, powerful corporations (such as Amazon and Google parent Alphabet) has influenced antitrust regulators to begin taking action. He also talks about insider trading among members of Congress and emphasizes that all of these conflicts of interest are not limited to one party. (33:38)
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On this week's Stansberry Investor Hour, Dan and Corey welcome Greg Diamond back to the
show. Greg is a fellow analyst at Stansberry Research and editor of the trading advisory Ten
Stock Trader. With nearly two decades' worth of experience trading and managing every
asset class, Greg is an expert at technical analysis and interpreting market cycles.
Greg kicks things off by reviewing the inflection points he predicted last time he was on the
podcast. He explains what these time cycles mean and how they've influenced his trading
strategy this year. He also discusses the upcoming presidential election and how crucial it is
for investors to put aside their biases. According to Greg, the market's wider emotional
reactions to the election could present some fantastic buying opportunities. (0:55)
Next, Greg breaks down famed trader W.D. Gann's technical strategies into simple terms. He
emphasizes that the "why" in market cycles is not really important. What matters is whether
history is repeating or not. Greg warns of cycle inversions, however, and points out that
many charts and algorithms in technical analysis just reflect human emotion. Investors will
naturally reach different conclusions about the market, which creates volatility. (17:03)
Finally, Greg talks about short-term trading versus holding stocks for the long term. He
shares that this presidential election is the most excited he has been about trading since
2022. Greg foresees "an exceptional trading season" after a fairly boring start to the year.
And he hammers home that investors should be careful of increased volatility for the next
few months and possibly even the next few years. (39:41) -
On this week's Stansberry Investor Hour, Dan and Corey welcome Bob Elliott back to the
show. Bob is the co-founder, chief investment officer, and CEO of Unlimited. The investment
firm uses machine learning to replicate the index returns of hedge funds, venture capital,
and private equity. Bob explores a wide range of topics in the podcast, from counteracting
inflation with certain investments to the worsening future of globalization.
Bob kicks off the show by talking about the importance of holding yourself accountable with
investing and about bonds in relation to the Federal Reserve's next moves. Many investors
are expecting an aggressive rate-cutting cycle, but as Bob points out, the Fed may not live
up to those expectations. He also discusses the flaws of the 60/40 portfolio in today's
market, why you should hold gold as part of your portfolio, and two primary factors that
could contribute to a long-term inflationary environment. (1:02)
Next, Bob explores ways to properly balance your portfolio to preserve wealth and minimize
volatility. This leads to a conversation about Treasury inflation-protected securities. Bob
describes why they're a better investment today than they were a few years ago and what
gives them an edge over nominal bonds. After, he discusses the supply-and-demand
imbalance in natural resources, oil's supply sensitivity versus precious metals, and the
green-energy movement. (20:57)
Finally, Bob makes his case for investing in natural resource companies and warns listeners
about roll costs when trading in the futures market. He then talks from a macro perspective
about productivity in relation to AI. As he explains, AI has not yet led to large productivity
advances like we saw with the advent of the personal computer. (37:58) -
On this week's Stansberry Investor Hour, Dan and Corey welcome Brent Cook back to the
show. Brent is an economic geologist, as well as the founder and senior adviser of newsletter
company Exploration Insights. With more than 30 years of experience in property economics
and geology evaluations – spanning 60-plus countries – Brent has seen it all. He is one of the
most credible, successful, and knowledgeable mining-stock investors in the world. If you
invest in mining stocks, this episode is an absolute must-listen experience.Brent kicks off the show by discussing what's happening at Yellowstone and what he learned
from attending Rick Rule's mining conference. Brent warns investors to beware of mining
and exploration companies that are picking up old, "dead" projects and redrilling holes,
purely to bump up their share price and raise capital. After, Brent details a bit about his
career history and how he ended up in geology. (0:43)Next, Brent discusses what investors should look for when trying to find a mining company
worth buying. This includes the narrative of the broader economy, the risk profile, and
knowing what kinds of results you want to see from the company in terms of drill results. As
he explains, folks should seek high-margin companies with good management teams and
with deposits in friendly jurisdictions. He lists off several regions and countries that he
believes look promising today, plus some complications he has faced in the past. (19:21)Finally, Brent names a copper-mining company that he's interested in today. It has water
rights, no environmental liabilities, and a project that looks auspicious. He also shares a
gold-mining company he likes that's developing a very high-grade deposit in Australia. Brent
then explains the difference between mining and extracting gold and copper, and he makes
a bullish case for the red metal. (34:02) -
On this week's Stansberry Investor Hour, Dan and Corey welcome Rudi Fronk back to the
show. Rudi is the founder, chairman, and CEO of Seabridge Gold (SA). With more than 35
years of experience in the gold industry, Rudi is an expert in his field. He joins the podcast to
talk all about precious metals mining, future opportunities for gold and copper, and what
sets his company apart from the rest.
Rudi begins by giving a brief history of how he got into gold mining. He shares the reason he
started Seabridge with shareholder value in mind. He also breaks down some of the risks
involved in mining – including working in politically unstable countries – and why he'll never
build another mine again. After, he talks a bit about the technical aspects of drilling,
exploration, and the process behind estimating how much gold is in the ground. (1:14)
Next, Rudi discusses potential joint-venture opportunities with leading mining companies for
Seabridge's KSM property, mainly thanks to increased demand for copper. He also talks
about the importance of permitting, catalysts that could move Seabridge's share price
higher, offsetting share dilution, and early-stage projects that are in the works. And Rudi
makes his case for why gold is entering a new, interesting bull market. (16:55)
Finally, Rudi shares his opinion on bitcoin, talks further about soaring copper demand, and
delves into Seabridge's goal of giving back physical gold to investors. As he explains, the
KSM property is expected to produce more than 1 million ounces of gold per year for the first
33 years. And 35% to 49% of gold produced will be returned to the company. (33:56) -
On this week's Stansberry Investor Hour, Dan and Corey are joined by investor and bestselling author Larry McDonald. Larry founded The Bear Traps Report, an investment newsletter that looks at global political and systemic risks when making actionable trades. He is also a frequent contributor on CNBC, Bloomberg, and Fox Business News.
Larry kicks off the show by sharing his history as a trader at Lehman Brothers and how certain parts of today's market mirror the 2008 crash. He notes that commodities are extremely cheap while semiconductors just hit an all-time high. Larry predicts that capital will migrate back toward real assets. He also discusses what a second Donald Trump presidential term would mean for the bond market, the huge risk with inflation, and a possible bright spot for the housing market as Baby Boomers age. (1:01)
Next, Larry breaks down his trading strategy involving capitulation. He brings up the extreme 20% discount in copper today and makes a five-year bull case for natural gas. This leads to a conversation about the current hot stocks in artificial intelligence ("AI"). Larry says that the AI mania has gotten so bad, chief financial officers at tech companies have to invest in AI even if they don't want to, for fear of losing their jobs. He believes we're in the early stages of an unwinding. And he notes that many companies adjacent to AI, like those relating to the electrical grid, have been left for dead. (17:36)
Finally, Larry explains that the pain cycles following market bubbles should be longer, but quantitative easing has gotten in the way of that natural process. Bad businesses used to be cleaned out, but now they're able to survive. Larry condemns "evil" passive investing and talks about how much worse the practice has gotten in the past decade and a half. He then lists off a few specific stocks he finds attractive today and advises investors to be careful about buying dips. (36:56)
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On this week's Stansberry Investor Hour, Dan and Corey welcome their colleague Mike
Barrett back to the show. Mike is editor of Select Value Opportunities and senior analyst of
Extreme Value. He joins the podcast to talk extensively about valuations, why you should
never pay too much for a stock, and the opportunities he sees in the market today.
Mike kicks off the episode by giving updates on his pecan plantation and his weekly Select
Value Opportunities newsletter. He explains that this service helps subscribers beat the
market while taking on less risk. The portfolio has returned about 14.5% since inception and
has outperformed its benchmark for nearly 80 straight weeks. Mike's secret to
outperformance is his system... It focuses on valuations and gives daily rankings of 100 well-
known stocks. That way, subscribers can enter positions at an ideal moment. Mike
emphasizes the importance of valuation and reminds listeners that it's a metric for future
performance. (1:34)
Next, Mike analyzes the differences between valuing stocks in public markets and his past
experience with valuing real estate in private markets. Plus, he talks more about momentum
being another important factor in picking stocks and how valuations have changed in recent
times. As Mike explains, the first year he started his service, only 5% of stocks were
overvalued. Now, in the past year, 30% are. This is "unprecedented" and a "warning sign"
that investors should be aware of. Still, Mike's system can help prevent huge losses. (19:28)
Finally, Mike gives his opinion on the overall market action and the broader economic
picture. He brings up market cycles, his belief that unemployment is about to be a big issue,
and factors that will lead gold and silver prices higher from here. He points out that there are
fewer higher-paying jobs available now and that most growth has been in lower-paying jobs.
This is skewing the jobs data. And he also discusses the importance of the housing sector
when it comes to inflation. (37:27) -
On this week's Stansberry Investor Hour, Dan and Corey are joined by investor and award-winning filmmaker David Tice. David is the chief investment officer and senior adviser of a short-selling exchange-traded fund. He also is partner at Moran Tice Capital Management, an investment-advisory firm.
David kicks off the show by discussing his documentary starring Dennis Quaid, Grid Down, Power Up. The film centers around what would happen if the U.S. power grid went down and the country was left without electricity for a lengthy period of time. David talks about how preventable the catastrophe could be if the government invested in utilities. And he shares that a disaster like this could result in hundreds of millions of Americans dying of starvation or water deprivation. As David emphasizes, this is a very real danger, as America's adversaries are already in the grid from a cyberattack standpoint. (1:36)
Next, David details his short-selling AdvisorShares Ranger Equity Bear Fund (HDGE). He explains that the fund is up year to date since many bad companies are finally starting to do poorly in the market, especially in commercial real estate. And several factors – overvalued stocks, high interest rates, massive national debt – are setting the country up for a huge decline. David urges listeners to prepare for the worst rather than try to eke out a few more percentage points in gains, especially considering today's geopolitical conditions. (17:44)
Finally, David breaks down how he and his team at HDGE discover companies to short. He cautions, however, that bad stocks can soar just as much as good stocks, so timing is the key factor. After, David discusses his precious metals hedge fund and the huge opportunity he sees in mid-cap producers that are selling extraordinarily cheaply. He lists off two particular gold stocks he's a fan of and explains why he has so much hope for this sector. (34:57)
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On this week's Stansberry Investor Hour, Dan and Corey are joined by their colleague Whitney Tilson. Whitney is the lead editor on Stansberry's Investment Advisory – Stansberry Research's flagship newsletter – as well as Commodity Supercycles and his free e-letter Whitney Tilson's Daily. Once dubbed "The Prophet" by CNBC for his prescient calls, he joins the podcast to share some financial wisdom with listeners.
Whitney kicks off the show by talking about the value of attending investing conferences and other company meetings. You can gain insights, talk to fellow investors, share ideas, and either discover promising trends or discover which trends are "bombs." Whitney emphasizes that avoiding calamities is just as important as finding the next big investment idea. He shares his experience with short selling and how he actually lost a lot of money by employing the technique. This leads to a conversation about value traps – what they are and how they can lead to ruin. (1:24)
Next, Whitney details his storied history with Netflix and why he went from shorting the company to investing in it. Ultimately, he found a 90-bagger. But he sold the stock early and left money on the table. The "most important lesson" he learned from that experience is to let your winners run. As Whitney explains, that's why index funds outperform almost all active managers over a long period of time – because they never sell their winners. (16:40)
Finally, Whitney hammers home that investors should be selective with stocks and only buy the best-quality businesses. Many of these companies see large drawdowns at some point, which can be perfect buying opportunities... even if you're not able to find the exact bottom. Whitney predicts that Nvidia could see a sizable drop since the company is relatively young and volatile. After, he shares that value stocks, small-cap stocks, and international stocks are all at 20-plus-year lows. This extreme underperformance presents an opportunity for investors wanting to diversify their portfolios. And Whitney also breaks down how to spot a high-quality business that may be struggling in the short term versus a value-trap business that will only head lower. (35:02)
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On this week's Stansberry Investor Hour, Dan and Corey are joined by E.B. Tucker. E.B. is an
author, editor of The Tucker Letter, and investor with decades of experience in the precious
metals market.
E.B. kicks off the show by discussing the unavoidable loss of privacy in the modern era, how
societal pressures influence the lives of people of all ages, and the strength it takes to
challenge these conventional systems. As he explains, in both the real world and in the
world of finance, you need to learn to let go in order for something better to come along.
E.B. also breaks down why voting as a shareholder is so important. (1:42)
Next, E.B. recommends a few nonfinance books – one about the philosophy of happiness and
one about Yemeni coffee. He reminds listeners that life is about doing what makes you feel
fulfilled and that you should never live according to others' expectations. This leads to a
discussion about the role money plays in giving you the freedom to do whatever makes you
happy. (23:16)
Lastly, E.B. talks about his new book he's working on and how he hopes it'll make readers
reflect on their own life and learn lessons to help them evolve as people. He relates this to
financial teachings, where many readers want shortcuts instead of actually learning for
themselves and growing their techniques. E.B. emphasizes that understanding your own
relationship to an investment is the real secret to success. (40:44) -
On this week's Stansberry Investor Hour, Dan and Corey welcome Marc Chaikin back to the show. Marc is a 50-year Wall Street veteran and the founder of our corporate affiliate, Chaikin Analytics. He also created a popular Wall Street indicator that appears in every Bloomberg and Reuters terminal in the world.
Marc kicks off the show by describing why he's so bullish in this presidential-election year. He explains that we're now entering a "sweet spot" for the market, and if there are any election surprises, that would be even more reason to buy in. Marc also lists off some sectors that he's bullish on today, especially in mid-cap stocks. These areas of the market aren't making headlines, but they're seeing steady gains and present attractive buying opportunities. (1:38)
Next, Marc shares his thoughts on the current AI boom and compares it with the introduction of the Netscape web browser in 1995. He discusses profit margins versus valuations, the potential loss of jobs due to AI, and the usefulness of large language models like ChatGPT. According to Marc, there are companies across a variety of industry groups that are going to benefit from AI. Investors just have to find them. (15:45)
Lastly, Marc shares all the details about his newest, most personal newsletter service that will be launching soon. He explains that it's going to focus on finding "hidden gems" – mid-cap or small-cap stocks that are undiscovered but have great valuations. As Marc says, "The focus is prospecting for gold nuggets." With his custom Power Gauge system by his side, Marc is going to find hidden winners – in a range of sectors – that are set to profit from the AI revolution. (34:32)
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On this week's Stansberry Investor Hour, Dan and Corey welcome author Alex Epstein to the
show. Alex has written several books advocating for the use of fossil fuels, including his most
recent work, Fossil Future. The self-described "energy-freedom advocate" joins the podcast
to challenge the popular climate-change narrative and provide more context for the crucial
role fossil fuels play in society.
Alex kicks things off by weighing in on the debate around climate change and the effects of
fossil fuels. He argues that the benefits of using fossil fuels far outweigh the negatives and
that, in many cases, energy can be used to overcome any adverse effects. Alex also breaks
down the myth of unsustainability, the anti-human bias implicit in environmentalism, and
the incorrect belief that more folks die of climate-related catastrophes today than in the
past. (2:38)
Next, Alex discusses his impact with politicians and lawmakers. He explains that 200 major
political offices use his content to direct policy and become more informed on energy topics.
Alex then shares his opinion on climate change, pointing out that we're currently in a climate
renaissance and that the Earth has never been more livable for human beings. He brings up
geoengineering as a way to cool the climate, asserts that the negative environmental
impacts are severely overblown, and emphasizes the crucial role energy plays in the
economy. (21:30)
Finally, Alex talks about climate-change rhetoric dominating in elections, the harm that tech
companies have done by blatantly lying about being 100% renewable, and why humans
should take pride in the fact that we're progressing as a species and learning to use the
Earth in new ways. He puts the anti-impact perspective into both a philosophical and
historical context, noting that primitive religions believed "sinning" against nature had dire
consequences. (34:19) -
On this week's Stansberry Investor Hour, Dan and Corey welcome their colleague John Engel
to the podcast. John is the lead equity analyst on the Stansberry Innovations Report
newsletter, where he finds companies that are revolutionizing their respective industries
with cutting-edge technology. He also works on Prosperity Investor, a newsletter that
focuses on opportunities in the health care sector.
John kicks off the show by detailing the new Biosecure Act that's currently moving through
Congress. Its purpose is to limit China's access to U.S. biological information. As he explains,
this legislation is going to disrupt the industry, hurt biotech companies, and possibly even
bankrupt the smaller players. But, conversely, it's going to allow other contract development
and management organizations to replace Chinese ones, creating massive opportunities for
investors. John also shares how he got his start in the biotech field at a fermentation lab and
as a molecular biologist before shifting to the world of finance. (2:19)
Next, John talks about the pandemic, vaccines, and the current bear market in biotech. He
mentions one big story in biotech that he believes isn't getting enough attention – bispecific
antibodies. This development allows one drug to hit two targets, so patients no longer have
to receive two different drugs for treatment. This leads to a conversation about gene editing,
personalized medicine, and rare diseases. (22:01)
Finally, John delves into AI, Nvidia, and the "hype cycle" surrounding the technology. He
points out that companies are desperate to use AI to their advantage, but for many of them,
there's no use for it in their business. Plus, John discusses "advanced general intelligence,"
which involves systems that can reason like human beings. (42:27) -
On this week's Stansberry Investor Hour, Dan and Corey welcome Dave Collum back to the
show. Dave is a professor of chemistry at Cornell University and associate editor of the
Journal of Organic Chemistry. He's outspoken about many topics and issues ranging from
finance to politics and everything in between. And he brings this same no-holds-barred
attitude to today's podcast. Dave starts off by discussing the link between vaccines and autism, why "live" attenuated vaccines are better than "dead" ones, and the effects of the COVID-19 vaccine. He specifically mentions how children in the U.S. receive about 72 vaccinations during
childhood, while children in Europe receive only three. He also argues that the war in
Ukraine is a direct result of NATO interfering and forcing Russian President Vladimir Putin's
hand. (5:31)
Next, Dave talks all about the U.S. government. He breaks down why the U.S. has never
supported burgeoning democracies abroad and why it's a better move geopolitically for the
country to work with a single leader or a select few in power. He compares President Joe
Biden with former President Donald Trump and asserts that Biden wouldn't be able to make
tough calls in a time of crisis. After, Dave makes his case for why we're headed for a 40-year
bear market that will drag down Americans' standard of living. (24:27)
Lastly, Dave contends that AI risks taking the human element out of everything, dampening
creativity, and cluttering scientific literature. He then discusses the role of pedophilia in geopolitics and the prevalence of child trafficking. And he leaves younger listeners with some sage financial advice. (45:39)
Dan and Corey close the show by discussing the Federal Reserve's preferred inflation gauge – the core personal consumption expenditures ("PCE") index. The newest core PCE data shows that inflation has stabilized at 2.8% for the past three readings. Even though this is down from much higher levels in 2022, Dan and Corey point out that everyday consumers are still struggling with far higher prices while their paychecks don't keep pace. (1:11:12) -
On this week's Stansberry Investor Hour, Dan and Corey are joined by Chris DeMuth Jr. Chris is a co-founder and managing partner of hedge fund Rangeley Capital. He invests in
mispriced securities with limited downside and corporate events that unlock value for shareholders. Chris kicks things off by explaining what event-driven investing is, how he uses it, and how
the concept of "counterparty selection" is involved. He also breaks down what demutualization and remutualization are and how there are numerous opportunities in the banking sector today to deploy these strategies. According to Chris, many small-cap
community banks out there are attractive in terms of valuation versus large caps. (3:11)
Next, Chris describes the U.S. Treasury Department's "inept, corrupt, and profligate" Emergency Capital Investment Program ("ECIP"). He gives two in-depth examples of ECIP bank stocks that were trading for far less than they were worth – Bay Community Bancorp and Ponce Financial. And he discusses why investors who got in early enough will profit from them greatly. (16:03)
Lastly, Chris names three stocks that he's excited about right now and details the specifics of each one. The first is a tax-efficient real estate and financial-services conglomerate trading at a discount to its asset value. The second is a Russian-owned mining company operating in Venezuela that should soon benefit from litigation against the Venezuelan government. And the final one is a hospice provider with a lot of potential for a private-equity shake-up and then subsequent acquisition by a larger health care company. Plus, you won't want to miss Chris' answer to the final question, where he explains how you can gain an edge as an investor simply by researching topics you're genuinely interested in. (29:44)
Dan and Corey close the show by discussing Nvidia's recent blowout earnings, including its 262% revenue gain. Since the company provides the "picks and shovels" of AI, it's benefiting
massively from the boom in this space. This leads Dan and Corey to compare AI stocks with Internet stocks during the dot-com bubble, speculate on what could happen next, and
explore the disconnect between the markets and the economy. (57:56) -
On this week's Stansberry Investor Hour, Dan and Corey welcome their colleague Bryan
Beach back to the show. Bryan is the editor of Stansberry Venture Value and a senior analyst
on Stansberry's Investment Advisory. Bryan kicks the show off by discussing the GameStop
meme-stock craze and the deep-value market dynamics that were at play during the whole
debacle. He argues that the "dumb money" folks (such as Keith Gill) got a bad rep and the
self-titled "smart money" folks weren't very smart. (3:13)
Next, Bryan talks about the bubbles in special purpose acquisition companies ("SPACs") and
Software as a Service ("SaaS"). He points out that the pendulum can quickly swing from
overloved to overhated. Bryan shares that, because of this, he's still finding winners in the
SPAC scrap heap and he believes SaaS valuations are far too low today. He also explains how
retail investors got clobbered by the smart money on SPACs and why cannabis stocks
present such a good opportunity now with the impending reclassification of marijuana.
(17:33)
Lastly, Bryan emphasizes the importance of stop losses and "guideposts" since they take the
emotion out of investing. This leads to a discussion of Amazon and its many drawdowns over
the course of its trading history that would have stopped investors out. After, Bryan brings
up small-cap restaurant-software company Par Technology and why he has so much hope for
its future performance. (28:02)
Dan and Corey close things out by talking more about the resurgence of meme stocks –
GameStop and AMC Entertainment, in particular – and what it means for the market as a
whole. Plus, they talk about this new era of inflation we're in, the worst-case scenario of
rebounding inflation, and the long-lasting consequences of low interest rates. (55:39) -
On this week's Stansberry Investor Hour, Dan and Corey welcome Lyn Alden to the show. Lyn is an independent analyst, bestselling author, and founder of Lyn Alden Investment Strategy – an investment research service for both retail and institutional investors. She kicks the podcast off by describing how her background in engineering has influenced her macroeconomic investing style. She explains why she became so interested in macroeconomics in the first place and why 2017 was a turning point for the U.S. economy. Lyn also talks about fiscal dominance – or when fiscal deficits and federal debts are large enough that they start reducing a central bank's options. She puts this in the historical context of the 1970s and clarifies why inflation and interest rates are so complexly intertwined today. (4:39)
Next, Lyn shares her outlook for the U.S. economy, including higher-than-baseline inflation for the foreseeable future and the country being in a similar situation to emerging markets. She discusses areas of the market where fiscal dominance has been appearing over the past few years, how the 2010s taught investors the wrong lesson, why the U.S. may experience the same economic troubles that Japan is facing right now, and the divergence between sectors going through recessions versus those that benefit from deficits. (16:42)
Lastly, Lyn cautions listeners against using the traditional 60/40 portfolio in inflationary environments like today's and instead urges them to prioritize energy, precious metals, and hard assets. She also breaks down why she finds Latin America so attractive today (particularly Brazil, Colombia, and Mexico) and gives an in-depth explanation of how technology impacts money. (34:03)
Dan and Corey close things out by discussing the backlash to Argentine President Javier Milei's economic shake-up, including his devaluing the peso against the U.S. dollar and laying off thousands of government workers. Plus, they share their thoughts on the latest speculative meme craze – closed-end fund Destiny Tech100 (DXYZ) – and what it means for the broader market. (54:28)
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On this week's Stansberry Investor Hour, Dan and Corey are joined by the founder and president of Chisholm Exploration, Cactus Schroeder. Cactus kicks off the conversation by describing the current economics of the oil industry, why rig counts are deceptive, what's happening with the Haynesville Shale and Marcellus Shale, and the upside in natural gas. He also explains why the Barnett Shale has become so attractive, how Chisholm Exploration differs from the oil majors, and how these larger companies essentially control the price of oil. (4:18)
Next, Cactus discusses why his company prefers oil to natural gas, earthquakes as a side effect of drilling, and how the Biden administration has been hampering exploration and pipeline development. He also details his experience in the Eastern Shelf region, including both good and bad wells and royalty interests. (21:52)
Lastly, Cactus covers the oil major he finds the most interesting today, the green-energy movement, and what's on the horizon for oil. He brings up Saudi Arabia cutting oil production in an effort to make prices reach $100 per barrel, the consequences of the war in Gaza, and the ongoing fight between land ownership and mineral rights in different states. (31:03)
Dan and Corey close things out by discussing the consequences of the Drug Enforcement Administration moving to reclassify marijuana as a Schedule III drug. They analyze what has
been happening with cannabis stocks since the announcement and the tax implications behind the move. Plus, they talk about Starbucks' recent disappointing earnings report and what weight-loss drugs becoming more available could mean for the economy and certain stocks. (53:32) - Daha fazla göster
