Lewis Johnson of Capital Wealth Advisors - Valuation is Destiny (EP.250)

My good friend and fishing buddy Lewis Johnson of Capitol Wealth Advisors is back on Panic with Friends for a fourth round, slowly catching up to our leader, Ben Hunt. Way back when Lewis was first on the show rates were zero going to negative. When he was last here in November of 2022, we touched on the Madoff Moment that was FTX, and talked about how to position ourselves moving into 2023. Lewis understands cycles. As we head into the summer with gold breaking out into all-time highs, I wanted to catch up with Lewis to discuss this potential breakout and how to play this cyclical trade. 

Guest - Lewis Johnson, CIO at Capital Wealth Advisors 

howardlindzon.com,  capitalwealthadvisors.com 

blog.capitalwealthadvisors.com/trends-tail-risks 

Twitter: @howardlindzon, @PanicwFriends, @TrendsTailRisks, @knutjensen 

linkedin.com/in/lewismjohnson 

#fintech #invest #investment #venturecapital #stockmarket #finance 

Show Notes: 

• Introduction (00:39)
• Welcome back Lewis (08:39)
• Heading into Summer 2023 (09:54)
• Overstaying leadership (12:55)
• Tech theme bleeding out? (17:49)
• Looking at past crises (18:49)
• Quiet rise of gold (20:14)
• Recent trends (22:39)
• Exposure to precious metals (23:51)
• Number one driver of long-term returns (26:39)
• FED raise until it breaks (28:24)
• Can banks profitably lend? (29:44)
• Tech driven / consumer discretionary market (31:24)
• Limit exposure to last cycle leaders (33:26)
• A bull market in commodities? (34:49)
• Wrapping up (35:21)
• Closing thoughts (39:52)