The Market Huddle
MH+ Ep.22 Deep Dive Into Precious Metals
Dec 6, 2023
Macro strategist Tavi Costa joins the host to discuss indicators of a recession and the impact of tightening monetary conditions. They analyze the 'magnificent seven' companies with high valuations, discuss Brazil's market, and explore investment opportunities in the precious metals equity markets. They also highlight the potential in limited stock availability and declining gold production in the precious metals industry.
28:19
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Quick takeaways
- Indicators point towards a potential recession, prompting investors to seek better investment opportunities in precious metals and undervalued assets.
- The narrowing leadership in equity markets raises concerns about a potential bear market, advocating for investment in undervalued businesses and resource-related companies.
Deep dives
Overview of the Macro Landscape and Recessions
In this podcast episode, the macro landscape is discussed, focusing on the possibility of a recession. Various indicators, such as global central bank assets contracting, yield curve inversions, high unemployment rates, and manufacturing below the 50 level for over 12 consecutive months, point towards a potential recession. It is argued that despite a recession not happening yet, the overvaluation of equity markets and the expectation of robust corporate earnings indicate that there are better investment opportunities elsewhere, particularly in precious metals and undervalued assets.
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