New York Times’ bestselling author Larry McDonald, founder of The Bear Traps Report, returns to The Julia La Roche Show for an in-person episode to discuss the markets and the economy.
Sponsor: This episode is brought to you by Monetary Metals. https://monetary-metals.com/julia
In this episode, McDonald discusses capital flows moving away from US markets. McDonald explains how European investors are pulling back following tariff policies and growing deficits. He discusses why copper, uranium, and oil services present value opportunities while predicting the possibility of "4000 gold and 4000 S&P." McDonald warns that America faces conditions with weakness in stocks, bonds, and currency simultaneously, creating what he calls a potential "Lehman moment" of uncertainty.
Links:
How To Listen When Markets Speak: https://www.amazon.com/Listen-When-Markets-Speak-Opportunities-ebook/dp/B0C4DFVFNR
Twitter/X: https://x.com/convertbond
Bear Traps Report: https://www.thebeartrapsreport.com/
00:00 - Introduction and welcome Larry 02:26 - Institutional investor conversations and European capital flows05:00 - American exceptionalism and crowded US investments08:24 - Understanding Wall Street research and consensus thinking10:27 - The new investing era: Niall Ferguson's insights on multi-polar world11:55 - The coming copper crisis and investment opportunity17:12 - Gold as a stable store of value compared to Bitcoin20:00 - Uranium market opportunities and tourist investors21:44 - S&P earnings projections and market indicators24:18 - Value stock opportunities in a changing market26:10 - NASDAQ vs energy stocks: the massive valuation gap28:42 - Trump's tariff policy and its global investment impact32:21 - Tariffs as both regressive tax and tax on consumption35:00 - Tariff policy creating Lehman-like uncertainty39:14 - The "emerging market" problem facing the US40:00 - Closing thoughts on democratizing financial information
