Wealthion - Be Financially Resilient cover image

Wealthion - Be Financially Resilient

Michael Pento: "Tremendous" Opportunity To Short The Market Coming As Stocks Still 30% Overvalued

Sep 15, 2023
Michael Pento, money manager, predicts a market correction in the next 12 months as stocks are overvalued by 30%. He suggests positioning in cash, US dollar, US Treasurys, and shorts. The podcast also covers investment strategy, portfolio allocation, recession speculation, protecting from market correction, and the importance of relationships and personal growth.
38:46

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • There is a significant opportunity to make money by shorting the market, as stocks are still 30% overvalued.
  • A recession is highly likely to occur, supported by economic cycle models and recession indicators.

Deep dives

Market could drop 35% before reaching fair value

The speaker believes that there is still a significant opportunity to make money on the short side of the market, as the market could potentially drop 35% before reaching fair value.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode