David Hunter (@DaveHcontrarian), Chief Macro Strategist at Contrarian Macro Advisors, joins Julia La Roche on episode 83 to discuss his forecast for the market and economy.
Hunter, who’s been in markets for 50 years, is calling for the end of a 41-year bull market. He expects the market will continue to melt up, forecasting the S&P peak at 6,000 to 7,000 before a global bust.
He’s also bullish on gold, calling for $3,000 by the end of the year. He also made a case for why gold could soar to $20,000 in the decade's second half.
0:00 Intro
0:40 Becoming a contrarian
2:40 Macro view
5:18 Stock market is one of the best leading indicators
8:40 What is the market forecasting?
11:22 Another melt up in the market
16:39 Calling for the end of a 41-year bull market
18:24 Economic and market cycles
20:17 Global bust forecast for 2024
23:05 Forecasting S&P peaking at 6,000-7,000, before 80% drop
29:00 Deflation
34:30 Bullish gold, calling for gold $3,000 this year, $20,000 second half of the decade
41:00 Outlook for the U.S. Dollar
44:00 Treasuries
47:00 The debt is ‘a giant Ponzi scheme’
49:20 Challenge to the thesis
52:30 Parting thoughts
