Stansberry Investor Hour

Dan and Corey kick things off by discussing Argentine President Javier Milei's incendiary speech at the recent World Economic Forum in Davos, Switzerland. They start by quoting some passages from it and covering the main themes – from the negative consequences of government intervention to potentially abolishing the central bank. After, they talk about why this type of rhetoric from a politician would never fly in the U.S., even though it reflects a lot of people's feelings. Next, Stansberry Research Director of Research Matt Weinschenk joins the conversation and elaborates on what type of investor he considers himself to be. He brings up value investing, the importance of bottom-up business-quality analysis, and how he uses quantitative tools to find the best businesses. Matt then explains the "Stansberry Score," which ranks nearly 5,000 stocks from first to last. It assigns each stock both an overall number and letter grade, plus letter grades for financials, capital efficiency, and valuation. Investors can use it to check ratings on stocks they may be interested in, or they can use it to find hidden gems. If you're interested in learning more about this tool and trying it for free, you can check it out at StansberryAnnouncement.com. Matt also goes into detail on The Quant Portfolio. This new portfolio is fully optimized and uses Stansberry Score data to evaluate each stock. Entirely using computers and algorithms, it looks at the relationships between each stock and picks out the best ones that will work together to provide the highest returns. And so far, it's blowing the market out of the water! Matt emphasizes that in the past two years of live testing, The Quant Portfolio is up 20%, while the market is only up 5. Lastly, Matt talks all things econometrics – what it is, whether it's worth studying, and its interplay with machine learning.

Dan and Corey kick off the show by discussing car-rental company Hertz selling one-third of its electric-vehicle ("EV") fleet and planning to reinvest in gas-powered cars. They talk about the reasons for this move, why EVs might not be a popular choice as rentals, signs that oil and gas companies are still thriving, and how the green-energy transition could lead to higher inflation. Next, welcome Stansberry Research analyst Greg Diamond joins the conversation and analyzes the current volatility in the markets. He explains that investors and the financial media believe the Federal Reserve has beaten inflation and is going to start cutting rates soon. But as Greg notes, the opposite is most likely to happen. He also goes into detail on his study of cycles. Then, Greg predicts important inflection points for 2024, describes how legendary trader W.D. Gann influenced his trading strategy, and explores the potential ramifications of the Fed ending its bank lending program in March. He also details why he'll be trading sectors for the first half of the year rather than individual stocks. Lastly, Greg talks about correlations between the S&P 500 and specific exchange-traded funds. He assesses what it means for the markets when divergences happen and how extreme volatility leads to great buying opportunities. As Greg sums things up, "I think it's going to be a rough ride for bulls and bears."

Dan and Corey begin the show by discussing Disney. They cover the company's ongoing proxy battle with Nelson Peltz, its recent deal with activist investor ValueAct Capital, the negative impacts of its "wokeism," the new Star Wars director's controversial past comments, and whether the stock is worth buying today. (0:40) Next, Jeff Muhlenkamp joins the conversation and gives his reaction to a "surprising" 2023. Plus, he talks about what's in store for the markets this year, why it's unclear whether we're headed for a recession or not since, and how you should structure your portfolio to protect you no matter what happens. (26:23) Then, Jeff explains what he learned from the great financial crisis in 2008 and how he applies it to his investing strategy today. He gives investors advice on everything from keeping some cash on hand to handling stocks that soar quickly. (35:40) Lastly, Jeff discusses regional banking (44:00), two notable stock buys (46:47), and his process for picking stocks (51:31). He details which metrics he looks at, why financial newsletters are good places to look for ideas, and how to know when to exit a stock.

Dan Ferris and Corey McLaughlin kick the episode off by reviewing their list of Top 10 Potential Surprises from 2023 and seeing if any of the surprises materialized. Included in this list was what could happen to the S&P 500 Index, meme stocks GameStop and AMC Entertainment, inflation, bitcoin, mortgage rates, and gold. (0:32) After, Dan and Corey share their new list of potential surprises for 2024... Magnificent Seven perform poorly (9:38) S&P 500 negative annual return (13:16) Rate cuts (15:58) Gold hits $3,000 (19:15) Bitcoin falls 50%-plus (24:04) PCE at 4% (28:08) Donald Trump presidency (31:51) Nasty recession (37:27) 10-year yields above 4% (42:15) S&P 500 drops 20% in a single day (44:52

On this week's special mailbag episode of Stansberry Investor Hour, Dan Ferris and Corey McLaughlin are answering some of the most interesting questions they've received in recent weeks from subscribers. They tackle everything that has been on your mind – and a few things that you probably haven't even considered. Dan and Corey kick things off with questions about whether the green-energy movement and threats to eliminate fossil fuels will boost the price of oil... the broken housing market in the U.S. and what it means for homebuilders... nuclear energy's potential as a big source of power in America... and where uranium prices are headed next based on the supply-and-demand picture. Next, Dan and Corey address a listener who hates that they let the cat out of the bag on the upside in farmland... and respond to another listener who wants them to talk more about specific stocks and less about the Federal Reserve. Plus, Dan and Corey answer questions about political correctness, the love of money being the root of all evil, how to profit from war, and why they prefer U.S. Treasurys to money-market funds. Finally, Dan and Corey discuss the threat the high national debt level poses for the U.S., the development of BRICS (Brazil, Russia, India, China, and South Africa) as a geopolitical and economic power, and whether the U.S. losing its world reserve currency status would really be such a bad thing.

Dan and Corey kick off the podcast by discussing 2023 as a whole. They talk about the Dow Jones Industrial Average hitting a new all-time high recently and investors looking forward to the Federal Reserve cutting rates. Plus, they go over what they're bullish on for 2024 – including homebuilders, bitcoin, and energy, among others. Next, author and hedge-fund manager Hari Krishnan joins the podcast to discuss his toolbox of strategies for profiting after a market sell-off. He notes that there are times that are great for buying credit, while other times aren't so good. And the same principle applies to other areas of the market as well, like with volatility. The conversation then shifts to how the average investor could utilize Hari's strategies. He gives a few examples of what to do in different scenarios. And he especially emphasizes the importance of having a plan. Further, Hari details how he assesses and categorizes risk. He describes why he looks at consistency across different asset classes and how this helps him find winning investments. Plus, Hari talks about the cycles of volatility, using equities as an example. He explains that risk taking drives the market upward, which leads to even more risk taking. It then becomes a vicious cycle that feeds on itself until it breaks. Finally, Dan asks Hari for his opinions on the S&P 500 Index's recent rally. Hari brings up the fact that there are currently high levels of complacency in the markets, and he argues that now is a great time for investors to think about hedges for their portfolios. He finishes by urging investors to look beyond the U.S. stock market and to broaden their opportunities with other asset classes.

Dan and Corey kick the show off by discussing the newest unemployment number and its implications for inflation, rate cuts by the Federal Reserve, the stock market, and the future of the economy. They speculate that this unemployment rate could result in the Fed putting off rate cuts for even longer. Next, Whitney joins the conversation by discussing the "Magnificent Seven" tech stocks and explains why he thinks smaller-cap, more value-oriented stocks will be driving the markets next. He also compares Tesla CEO Elon Musk's "rampant narcissism," "bro culture" at the company, and antisemitic tweets with exemplars like Warren Buffett and Charlie Munger. This leads to a discussion about how cultural differences affect businesses. Whitney brings up Anheuser-Busch's Bud Light ad campaign with a transgender influencer and Disney fighting Ron DeSantis' controversial bill in Florida. He shares why he thinks companies are "running pretty darn scared these days" after seeing both those iconic businesses suffer for taking political stances. Then, Whitney talks about his Top 10 list. He details why Berkshire Hathaway continues to be such an attractive opportunity today and why it's the perfect foundation for any portfolio. And he also emphasizes that we are no longer in a TINA world, or "there is no alternative." Finally, Whitney gives his opinion on what he thinks the Fed will do next in terms of interest rates and what the potential outcomes could be. You also won't want to miss his answer to Dan's final question, where he explains why it's crucial to limit the amount of "partisan and polarized" information you're consuming in traditional media, since it could be affecting your investing choices.

Dan and Corey start by remembering Charlie Munger, reviewing his career and legacy. Plus, they cover Elon Musk's recent remarks against Disney, the chances of X (formerly known as Twitter) going bankrupt, and Musk's efforts to bring free speech to the platform. (0:40) Next, Joel and Rob join the show to discuss the narrative around a soft landing, the rolling- recession "nonsense," and investors getting lulled into a false sense of confidence and believing everything is fine in the markets. Joel details the macroeconomic signals that are flashing globally – from China's failings dragging the world down to hyperinflation and recession in multiple Latin American countries. Joel explains why he and Rob have recently made a major change in their forward market outlook. (26:18) Rob adds that another reason for their bearishness is the current credit environment. Credit is the lifeblood of the American economy. But now, it's disappearing. And according to Rob, that will further hurt economic growth. Plus, Joel explains that this same setup happened at the beginning of the great financial crisis. (34:21) The conversation then shifts to Fed Chair Jerome Powell's devotion to lowering inflation to 2%, the reality of "structurally higher" inflation, and how high interest rates are leading to massive investing opportunities in near-term cash-flow companies. (38:37) Finally, Joel and Rob discuss the bond market and why they find it so attractive today... give their opinions on "terrifying" business development companies... and analyze the Fed's next moves in regard to unemployment. (46:18)

Dan and Corey kick off the show by giving a sneak peek at their list of 10 things that would surprise investors in 2024 and where they predict the markets are headed. Specifically, they discuss the unassailable Magnificent Seven – which are "priced for more than perfection" – and why the high valuations aren't sustainable. While the other "Unmagnificent 493" stocks in the S&P 500 Index are essentially flat and it's "still a bear market for everything else," the Magnificent Seven have screamed higher. Dan warns that they're not safe. Afterward, Jared joins the conversation and gives some tips on how to make finance less stressful. He shares that it's important to not cut out small luxuries that bring you happiness, like a Starbucks coffee every now and then. Rather, he says to focus on cutting costs for the bigger items. He also explains that being too conservative with your money can be detrimental. The conversation shifts to discussing the two main sources of financial stress: debt and risk. Jared explains that these sources of stress aren't correlated with how much money you have and instead are entirely based on how you structure your finances. Jared then talks about the market as a whole and shares some predictions. He covers why he has been focused on the bond market for the past six months, why he expects a recession next year, what he thinks will happen to Treasurys and interest rates, and the psychology behind inflation. Lastly, Jared details why he owns essentially no U.S. stocks and instead has his money in Argentine stocks. Plus, he describes another emerging market that presents a "huge opportunity" for investors. As he says, "There's other places in the world to go where there's a lot more growth that are a lot more promising." Don't miss his thoughts on the best way to get exposure to that potential growth story.

On this week's Stansberry Investor Hour, Dan and Corey welcome Porter Stansberry back to the show. Porter founded Stansberry Research in 1999, and he recently returned as CEO and chairman of parent company MarketWise (MKTW). With more than 25 years of experience as a financial analyst and publisher to draw on, Porter shares his opinions on the current state of the markets and which areas of the economy look most attractive today.But first, Dan and Corey talk about investors' unfounded hopes for falling interest rates and some Wall Street analysts predicting that the Federal Reserve will soon cut rates by 150 basis points. "I just don't see that happening," Corey says. Afterward, the conversation shifts to the bond market, the drop in demand for U.S. Treasurys, China "imploding minute by minute," and the biggest "turkeys" who have made the most absurd financial decisions this year. Plus, Dan explores investor psychology and how it has been warped by a decade-plus of low rates and the longest bull market in history. (0:00) Porter then joins the show and discusses why Ayn Rand's 1957 book Atlas Shrugged continues to be relevant today, General Motors' chances of going bankrupt again, and his "new, old" job as CEO of MarketWise. He explains his strategy for the company going forward. (25:08) Moving on to the broader economy, Porter shares an updated prediction of what he sees coming for the market. In mid-September, he was concerned we were on the cusp of another major financial crisis. But now he thinks the immediate danger may be past. (42:34) Porter also shares that most quality businesses out there trade for high valuations, but those with unrecognized quality still present fantastic buying opportunities today. Even companies that have recently made negative headlines can still have incredible underlying value.(48:48) Finally, Porter details what's happening in the bond market right now and why he believes it's worth investing in. And you won't want to miss his parting message, where he explains why it's a great time to be alive despite any global issues or societal problems. "Most investors make the mistake of not being optimistic enough," he says. (57:35)