Wealthion, Released on 10/8/21
Markets have become a lot more volatile recently, violently lurching up & down, and are off nearly 5% from their all-time highs as of a month ago. A growing number of analysts are concerned that this is the start of a larger correction. This year’s spike in inflation is proving a lot less transitory that the Fed expected. Supply chains remain badly disrupted. Economic growth is slowing, particularly in Asia where the failures of massive firms like Evergrande threaten to destabilize things further. Energy shocks are suddenly happening all over the world. It’s understandable that more and more people are now asking: Is the bull market over? Is a market correction imminent? No – says today’s guest expert David Hunter. Or more accurately — not yet. David is Chief Macro Strategist at Contrarian Macro Advisors. He expects a further final melt-up in the markets from here….to be swiftly followed by a truly massive market crash of up to 80%. We’ve been closely following David’s aggressive market predictions this year, as they’ve so far mostly proven eerily accurate. So we’re very fortunate to have him back on the program to give us the latest update on his current outlook.
Part 1 (part 2 below)
Here in Part 2 of our interview with David Hunter, he shares his projections for what the investing environment will look like should the 80% market correction he expects occurs. He foresees a relatively brief period of recovery, defined by very high inflation (20%+!) and interest rates (15%+!). He expects commodities to lead that investing cycle, with many of today’s high fliers (like Big Tech), becoming laggards. In his opinion, active investing will be necessary for investors to build wealth in this new era. The era of easy returns via passive index investing will be over.
David Hunter is Chief Macro Strategist at Contrarian Macro Advisors. He is an investment professional with 25 years of investment management experience and 20 years as a sell-side strategist with strong expertise in macroeconomic analysis and portfolio management.
Adam Taggart is the Founder of Wealthion. He is also Co-Founder and former President of Peak Prosperity. Adam is an experienced Silicon Valley internet executive and Stanford MBA. Prior to partnering with Chris Martenson (Adam was General Manager of our earlier site, ChrisMartenson.com), he was a Vice President at Yahoo!, a company he served for nine years. Before that, he did the ‘startup thing’ (mySimon.com, sold to CNET in 2001). As a fresh-faced graduate from Brown University in the early 1990s, Adam got a first-hand look at all that was broken with Wall Street as an investment banking analyst for Merrill Lynch. Most importantly, he’s a devoted husband and dad.